Based on the research I conducted, it would be advisable to first concentrate on the pros and cons of each type. There are many different business formations that Gloria Smithson can engage into to. The formations include; partnership, limited liability company and corporations. In partnerships, the members should be between a minimum of two and a maximum of twenty members for it to be valid (Eisler, R. 2003). When they join a partnership, there will be limited liabilities in such a way that the members are obligated to share the liabilities hence easing the burden of carrying the whole Continue reading...
