Question: THIS IS A PROBLEM BASED QUESTION REQUIRING AN ANSWER IN THE IRAC FORMAT Piro has just graduated with an MBA. He has discovered a new

THIS IS A PROBLEM BASED QUESTION REQUIRING AN ANSWER IN THE

THIS IS A PROBLEM BASED QUESTION REQUIRING AN ANSWER IN THE IRAC FORMAT Piro has just graduated with an MBA. He has discovered a new application for the mobile phone. He estimates it will cost at least $50 million to develop the app and it will then cost a further $250 million to successfully market the app world wide and be able to compete with Goodle and Tik Tok.. He seeks your advice as to the best business structure to make this idea a reality and what steps are required to set it up. Make sure that you explain your answer in your own words but refer to relevant legal requirements ANSWER USING THE IRAC FORMAT

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