In at least a two-page paper, fully respond to the following:
Asad has hired you as his business consultant to help him make good decisions. Give him advice on his questions:
What are the advantages and disadvantages of forming the business as:
a corporation?
a partnership?
a limited liability company?
What is his potential liability as an individual and what can he do to limit his risk?
What issues might arise from following his business associates’ advice?
What other factors should he take under consideration?
In helping Asad with the business plan, explain:
How he can value his business
What the business can do to reduce its risk
How the owners can limit their liability
What the business should (and should not!) do to protect against lawsuits
What factors he must consider on how to raise capital
What mix of capital the business should have
Cite your resources in APA format
Sample Solution