Practical Application: You and three friends have saved $100,000 and decided to form a computer repair business.

Question:

Practical Application: You and three friends have saved $100,000 and decided to form a computer repair business. Would you form a or a corporation? Explain why you made this choice.
Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...