$3.$ What do you need to do to make this a legal formal business?

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II$.$ You have decided to expand your business and need more capital to do so$.$ Sam and Bob are interested in becoming partners with you. Your business is now worth $$50,000.$ You need another $$50,000$ to do the expansion. Sam is willing to provide $$30,000$ and Bob is willing to provide $$25,000.$ Sam will only join if he can have some say so in the company; while Bob doesn$$t really care about that. Turn your business into either a partnership or a limited partnership.

$4.$ Why did you choose either a partnership or a limited partnership?

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$5.$ To make it legal what do you need to do$?$

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$6.$ What may be some disadvantages of doing business in this form of organization?

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III. It is some time later. You need more money to expand. Convert your business into either a limited liability company, a corporation, or an S corporation?

$7.$ Why did you choose the form you did?

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$8.$ What steps are needed to make this a legal LLC$,$ Corp., or S Corp?

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$9.$ What advantages do you see in operating in this form and what disadvantages?

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$10.$ What do you need to do to make sure that you are not sued by an employee for discrimination in the form of sexual harassment?