Robert e. grant wants to start a company that will offer four-day excursions into northern Georgia, including walking Tours of civil war sites. The package includes transportation to and from base camp in Athens, Georgia, as well as food, transportation and accommodation for a four-day excursion. Before starting his business, Mr. Grant wants to make sure of a few things. First, he wants corporate income to flow directly into his personal tax returns. Second, he will ensure that his personal assets, such as his private home, will not be affected by any legal problems that may arise from all of his businesses, such as client accidents or difficulties in meeting financial obligations. Third, he wants to make sure he retains as much control as possible over the company's business operations. Basically, Mr. Grant needs answers to the following questions:

(1) given Mr. Grant's requirements for the establishment of his business, what type of ownership would you recommend to him? Why is that?

(2) Mr Grant has confirmed that he needs $20,000 to keep the business running, in addition to $10,000 from his personal savings. What type of financing should he seek to obtain the $20,000? Why is that?

(3) Mr. Grant also wants his business to be successful within five years so he can expand to offer Tours to civil war sites in south Carolina, north Carolina and Pennsylvania. He may also be interested in considering business opportunities in the west and taking visitors to famous sites about the frontier. Given the form of ownership you initially recommended to him, what are the important factors he must consider in making this decision? What steps does he need to take to expand his business to other states?