Jason Wong and Mohammed Ismail are in the process of setting up a painting business. For a number of years, the two friends had summer jobs doing interior house painting and they thought it would be fun to have their own business.
Jason and Mohammed have asked your advice on whether they should organize the business as a partnership or a corporation.

Prepare a report to Jason and Mohammed advising them about the benefits and draw backs of the two business forms. Provide a recommendation as to which one you think would be best for them. Consider the needs of the friends as well as other stakeholders (customers, prospective creditors) in the report.

  • CreatedFebruary 26, 2015
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