Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You, your brother, your sister, and your best friend's Aunt were visiting and came up with the idea that together you could go into business

You, your brother, your sister, and your best friend's Aunt were visiting and came up with the idea that together you could go into business offering mortgages to the public. Your best friends Aunt, Auntie Yoda is already working in the business and has lots of contacts with people and banks that have money to lend. She has wanted to start a business for some time because she knows how to be successful in this business and there is definitely money to be made. Your sister has experience with the local business community, your brother just completed his MBA in finance from Harvard, and you have been working in a bank while attending Central college and you are about to graduate with an Associate Degree in Business! You are all convinced this is a workable business idea. You have been discussing how you are going to set up the business. How would you analyze the organizational options available to you? What are the pro's and con's as they appy to these facts? What form of business organization would you prefer and why? Support your conclusions and discussion with legal analysis.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Land Law Text Cases And Materials

Authors: Ben McFarlane, Nicholas Hopkins, Sarah Nield

5th Edition

0198868529, 978-0198868521

More Books

Students also viewed these Law questions

Question

Which court should have jurisdiction over the Internet? Why?

Answered: 1 week ago