Problem:
Bill and Darlene plan to go into business together. They anticipate losses in the first two or three years, which they would like to use to offset income from other sources. They also are concerned about exposing their personal assets to business liabilities.
Required:
Question: Write a short paper advising Bill and Darlene what business form you would recommend for them as they start up their business.
Note: Be sure to show how you arrived at your answer.