Jake sold his cow herd but wanted to keep the land his family-owned for three generations and has now planted Frazier fur Christmas trees that he expected to sell but now can use them in his landscaping business and sell to local nurseries and has planted lots of other decorative trees as well to use in the landscaping business. He wants to share the business equally with his wife and two children so that each owns an equal portion of the business.

1. How does incorporating affect the family's overall risk exposure?
2. How does incorporating affect the ability of the business to expand?