Picture if you will two sisters that want to start a business together. Sister “
ID: 2454156 • Letter: P
Question
Picture if you will two sisters that want to start a business together. Sister “A” brings to the table technical knowledge and contacts with potential customers. Sister “B” brings to the table the physical facilities to make the product and the cash required to get their business of the ground. Based solely on this information, would you recommend the sisters start a partnership or a traditional c-corp together, and why? No other options are available to you for purposes of this question (LLCs etc don’t count!).
Explanation / Answer
Picture if you will two sisters that want to start a business together. Sister “