Question: Three computer geeks, Mal, Cookie, and Zip, recently graduated from Collin College and want to start a business doing web design and computer hardware/software trouble

Three computer geeks, Mal, Cookie, and Zip, recently graduated from Collin College and want to start a business doing web design and computer hardware/software trouble shooting. They each have $50,000 to invest in the venture.

1. Is the entity subject to a franchise tax? 2. What is the cost to form the entity? 3. What statute governs the formation of the entity?4. Who can be a registered agent?5. What is required to form the entity? 6. Look at the form for creating the entity. What information is required?

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