• You are about to start a new business venture (with multiple retail branches). You intend to have up to 100 passive investors. You personally intend to be the sole decision maker and to "run the show." What organizational form would you select to protect both your investment in this venture AND your total personal net worth? Explain why.
• How EXACTLY would you structure it? What would your official role/position/title be? (Note: You cannot falsely claim you are passive because too many witnesses will see you actually "run the show.") You may need to do some independent research on "piercing the corporate veil."
• Are there any other steps, besides corporate formations, that you can take to protect yourself from liability?
• Hint: Be careful. I am looking to see if you will use the correct terminology. Also, the more complicated the structure, the more impressed I will be!