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Question 2 Sam, Quentin, and Barry have just graduated from their BBA degrees, and developed a business plan for a home care service plus called
Question 2 Sam, Quentin, and Barry have just graduated from their BBA degrees, and developed a business plan for a home care service plus called 'We Walk your Nana'. The service will provide home care with a focus on fitness, employing all of the health care professionals that have left their jobs from severe burnout. Sam, Quentin and Barry got the idea from one of their Professors, who helped them develop the business plan and has also expressed interest in investing 50,000 to help start the business. The Professor is very interested but has numerous personal assets that he would like to protect from any potential liability. Sam, Quentin and Barry have approached your law firm to get advice on what type of business entity would be the most advantageous. You have been asked to write a memo describing the advantages and disadvantages of the different partnership models, and company status to help them to make a decision. (100 marks)
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