You are opening an auto parts store and need to decide on ownership structure for the business. You list of preferences so that you can discuss this decision with your lawyer. For each of the preferences, identify the key consideration for evaluating ownership structure by making a choice from the drop-down list.

At any given time you will need to buy at least $100,000 in inventory from suppliers and you worry about what happens if the business struggles and you can't pay these suppliers. SelectLegal and financial liabilityEase of startup and administrationBusiness ownership and controlTaxation and treatment of profitsItem 1

Your brother Ron is going to be part owner in the business; you will operate the business together. SelectLegal and financial liabilityEase of startup and administrationBusiness ownership and controlTaxation and treatment of profitsItem 2 .

You'll split profits with your brother 50/50. SelectLegal and financial liabilityEase of startup and administrationBusiness ownership and controlTaxation and treatment of profitsItem 3

Your brother's wife is a lawyer who offered to handle all the startup paperwork, which is nice because you wouldn't know where to begin. SelectLegal and financial liabilityEase of startup and administrationBusiness ownership and controlTaxation and treatment of profitsItem 4

You knew an owner of an auto parts store who was sued for $20,000 because the clerk recommended the wrong part for someone's transmission and it ruined the engine of an expensive car. SelectLegal and financial liabilityEase of startup and administrationBusiness ownership and controlTaxation and treatment of profitsItem 5

You eventually hope to buy the building you are leasing. You and Ron have agreed that in 15 years you hope to sell the business, and having real estate packaged with the deal will make your business more valuable. SelectLegal and financial liabilityEase of startup and administrationBusiness ownership and controlTaxation and treatment of profits