This is a group project. In the real world you generally will not have the opportunity to choose your co$-$workers and therefore, in this project you will be assigned a group at random. Everyone in the group will receive the same grade. You may divide up the work in any manner you choose. Note that this project is due in the middle of the week after the end of the module. It is NOT due on a Sunday. Late submissions will receive a $10\%$ deduction for each day late.

Fact Pattern: Choosing the Right Corporate Structure for "Tech Innovate Solutions"

Background: Your group is acting as a consultant advising a group of tech entrepreneurs who are launching a new business called "Tech Innovate Solutions" $($TIS$).$ TIS aims to provide cutting$-$edge technology solutions to businesses, including software development, artificial intelligence applications, and cybersecurity services.

Key Business Considerations:

Ownership and Funding:

The founders of TIS are four individuals who want to maintain control over decision$-$making but also attract external investors for funding.

They are considering the possibility of issuing shares to investors.

Liability Concerns:

Given the nature of the tech industry and potential risks associated with software development, the founders are concerned about personal liability protection.

Two of the founders are married, two are not

One of the founders also owns a successful car dealership

Tax Implications:

The founders are interested in understanding the tax implications of different corporate structures and want to minimize tax liabilities for the business.

Flexibility in Management & Hiring:

The founders want a flexible management structure that allows them to make quick decisions and adapt to the rapidly changing tech landscape.

The founders need to hire at least $20$ engineers immediately and need as much flexibility as possible to hire the people they want.

Assignment Task: Your task is to analyze the business strategy and requirements of Tech Innovate Solutions and recommend the most suitable type of corporation for its operations. Consider the ownership, liability protection, tax implications, and management flexibility. You should also include in your memorandum strategies for soliciting, interviewing and hiring employees in compliance with non$-$discrimination laws.

Instructions:

Research:

Conduct research on various types of corporations, including C Corporations, S Corporations, and Limited Liability Companies $($LLCs$).$

Explore their characteristics, advantages, and disadvantages in the context of ownership, liability, taxation, and management.

Analysis:

Analyze how each corporate structure aligns with the specific needs and goals of Tech Innovate Solutions.

Consider the implications of ownership and funding, liability protection, tax implications, and management flexibility for each type of corporation.

Recommendation:

Based on your analysis, recommend the most appropriate type of corporation for Tech Innovate Solutions.

Justify your recommendation by connecting it to the specific needs and goals of the business.

Presentation:

Prepare a brief presentation summarizing your analysis and recommendation.

Use visuals, charts, or graphs to enhance your presentation.

Presentation must include audio and visual $($this is best accomplished using PowerPoint.

Your presentation must include on the first slide the name of ALL group members.

Your presentation should be at least $4$ minutes and no longer than $6$ minutes.