pretend that you are working for an accounting firm as a tax preparer and tax advisor. A long-time individual client, Martina, comes to you and says that she is planning to start a business. She is very confident in her business idea, has drawn up a solid business plan, and is seeking your advice on what type of business she should start.

write a brief tax memo to Martina addressing the following:

Identify important factors and considerations that may influence the type of business selected by a given taxpayer.

Recommend the form of business that you believe would be most appropriate for Martina based on what shes told you about the business (you can be creative here in your assumptions about what Martina has told you).

Explain the advantages and disadvantages associated with the business form that you have recommended.