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Two of your friends, Sony and Ted, are planning on starting a new business. Knowing you are studying accounting they come to you for advice
Two of your friends, Sony and Ted, are planning on starting a new business. Knowing you are studying accounting they come to you for advice as to the best business form they should use for their business. They want to be able to raise capital; they also want protection against claims by creditors. As an accounting student:
a. What business form would you recommend to Sony and Ted for their business?
b. Why?
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