Business law

  Description:   Respond to each of the following writing prompts accurately and thoroughly.1: John Smith wants to open a computer repair business. He has found a great location to lease. He wants to accommodate commercial and private clients who need all levels of personal computer repair. He hopes to build his business so that one day he will have multiple locations in and around his city. John is married and has three children. He and his wife will have equal ownership of the business. He will leave his job as a computer helpdesk analyst to start this business. He wants to fully commit to building a firm that he can leave to his kids. He also would like to secure funding by maybe giving people small ownership stakes in his company in exchange for their investments. However, John needs to keep things simple because he will operate the business by himself.What organizational structure should John use to start his business? Please write a report which discusses how the business structure you recommend addresses EACH aspect of John's plans and goals, including the following: a.Starting a.Business b.Taxation c.Personal Liability d.Ownership transfer Note: In order for each section to receive a satisfactory score, respond to each of the above prompts using a few statements each to explain specifically how each goal is addressed by the business structure you recommend.