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WHICH IS THE BEST FORM OF DOING BUSINESS?
ASSIGNMENT
Part 1. Evaluation of Formation and Operational Issues.
Dave and Donna, a newly married couple, plan to quit their jobs, move to Wyoming, and open a software development business. Initially, they want the business to have a limited number of investors. They have lined up potential clients who will finance their initial efforts in return for software customization. They have no long-term plans to expand but their plans may change in the future.
Questions:
ONLY discuss the non-tax legal and operational issues. Do not discuss tax issues.
Part 2. Your Recommendation.
Which form of doing business would you recommend to them? Evaluate the pros and cons for each form of doing business for each of the friends on which you base your recommendations.
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