Sherry Taft and I.aura Sims are opening Bank Compliance Consultants. The area is growing, and no competitors are located nearby. Their basic decision is how to organize the business. Taft thinks the partnership form is best. Sims favors the corporate form of organization. They seek your advice. 

Requirement 

Write a memo to Taft and Sims to show them the advantages and disadvantages of organizing the business as a corporation. Use the following format for your memo:

Transcribed Image Text:

Date: To: Sherry Taft and Laura Sims From: Student Name Subject: Advantages and disadvantages of the corporate form of business organization