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How the business will be controlled

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Sam and Dean are brothers who want to go into business together. Dean has long dreamed about making his fortune while hunting ghosts, demons and other supernatural beings. Sam has decided to join his brother after suffering a recent personal tragedy. Their family has a history in this enterprise and they both believe they have the requisite skills to succeed. However, they have no business experience and need your help.

Problem 1: Describe and define at least 3 different possible business forms they should consider. In addition to any other issues, your answer should discuss and explain limited vs. personal liability, how the business will be controlled, how members might transfer their interests, and how they will raise money for their venture. Give your recommendation of the form you suggest and state why.

Reference no: EM132670728

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