Lance Lot and Arthur King are opening a FedEx Kinko's store. There are no competing copy shops in the area. Their fundamental decision is how to organize the business. Lot thinks the partnership form is best for their business. King favors the corporate form of organization. They seek your advice. 

Requirement 

Write a memo to Lot and King to make them aware of the advantages and disadvantages of organizing the business as a corporation. Use the following format:

Transcribed Image Text:

Date: To: Lance Lot and Arthur King From: Student Name Subject: Advantages and disadvantages of the corporate form of business organization