Task:
As a personal trainer I have decided to open an upscale health spa/resort and health club.
I want to determine the type of business organization I want to form: incorporate as a corporation or form a partnership?
Question 1. What are the advantages and disadvantages of forming the business as a partnership and the advantages and disadvantages of forming as a corporation?
Question 2. What are the differences between equity and debt financing, and what are the primary ways in which each would affect the future of a business.
Please provide sources.