Question
You and your shifty brother-in-law, who you do not fully trust, are planning to start up a new business to provide low cost software and
You and your shifty brother-in-law, who you do not fully trust, are planning to start up a new business to provide low cost software and hardware maintenance support to home computers at their residence. You both have to invest $30,000 to start the business after which money is very tight. Neither party has any real experience with running a business. One of the first issues that arise is to select the best type of business organization for the new company. After some discussion, you and your brother have agreed that there are only two viable choices: a general partnership or a corporation Conference Assignment: In a one paragraph posting, (1) explain the advantages and disadvantages of each alternative as it relates to the above scenario, (2) select the alternative you believe to be the better one, and (3) give the reasons for your selection.
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