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[gabrielo19]

1) Mike and Lauren Jones have come to us with the following question: what is the best business structure for their construction business. Here are a few pieces of information which may help you come up with a response. They have lined up 2 other investors; one investor wants to take an active part in the business and the other only wants to be a passive investor. Each investor wants to minimize their legal exposure and their tax liability. Please draft a letter which explains the pros and cons of forming the different types of business entities and make a recommendation as to which entity would serve their needs the best. If you believe you need any additional facts please feel free to ask questions about the project during class.

2) Joe is a director at ABC Corporation. ABC is in the pizza franchise business. During a recent Board of Directors meeting he was made aware of ABC’s plan to open a new pizzeria location in Center Valley. Joe has always wanted to open his own business and thinks the location in Center Valley would be perfect for a pizzeria. Joe wants to know if there are any legal issues regarding him opening a pizzeria business in Center Valley.

3) John and Mark are doctors. They would like to open their own medical practice. They have agreed that they would both be 50% owners.. What would be the best legal form for their business and why?