Jim Baku and Scott Hanson are thinking about opening a new restaurant. Baku has extensive
marketing experience but does not know that much about food preparation. However, Hanson
is an excellent chef. Both will work in the business, but Baku will provide most of the funds
necessary to start the business. At this time, they cannot decide whether to operate the business
as a partnership or a corporation.
Required
Prepare a written memo to Baku and Hanson describing the advantages and disadvantages of
each organizational form. Also, from the limited information provided, recommend the organizational
form you think they should use.

    • 8 years ago
    ATC 8-6
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