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What are the requirements to use this form of business

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Problem - Susie is considering setting up a boutique in Georgetown and for insurance reasons wants to organize as a corporation. She's going to contribute cash and property worth $600,000 and is concerned that the business may not succeed because of the high rent and overhead and competition from other boutiques. She's confident that the business can succeed but wants to be protected in case it doesn't.

1. What sort of corporation would you recommend and why?

2. What are the requirements to use this form of business?

Reference no: EM132925654

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