Your friends, Stephanie Anderson and Jason Martinkus, are partners in Videos Unlimited, a small but rapidly growing business. Anderson and Martinkus have been told by their at torney that they should consider incorporating their business.
Anderson and Martinkus have asked your advice about incorporating their business. To help them put things in perspective, write a memo that summarizes the key advantages and disadvantages of the corporate form of business. Be sure to discuss future implications if the business is extremely successful and if the business is extremely unsuccessful.