Answer the two case studies provided, and the questions that correspond to the case. $($for business law$)$

Case $1$

Best friends from childhood, Lorenzo and Grayson, have decided to start a trophy making business. They have a lot of experience in the sporting industry, and our retired athletes who had to end their careers because of injuries.

Because their careers ended so soon, it will be difficult for them to come up with the money to start their business. Expenses include buying materials, equipment and a space to work in$.$ Grayson proposed that they use their own equipment to use in the business $($computers$,$ tablets, chairs, old trophy materials$).$ And buy an old home to renovate into an office space and shop for the trophies.

A$)$ what are some recommendations to provide Lorenzo and Grayson from the facts?

B$)$ what would be the issues if Lorenzo and Grayson decided to end the business?