What business form are they likely to create and why

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Reference no: EM133615219

Question

Tony, Mark and Lloyd have a great idea for a new style of clothing that they are sure will be a huge hit and make them all a lot of money, once they start selling it. They have been best friends for years and are each planning on contributing $20,000 and working together on all phases of their new business." "

A. What are some of the factors or reasons they should consider when deciding what form of business to use?

B. If they just start selling their clothing what business form are they likely to create and why?

Reference no: EM133615219

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