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Question: so your best friend wants to start a small business...

Question details

So your best friend wants to start a small business selling frozen yogurt. He needs $10,000 to help him get some equipment for his production. He asks you to help him out. You want to participate in this venture. What are the different ways or forms of business he can structure the relationship to deal with financing, tax and liability issues? What are the specific effects of the different ways to organize your business for tax, liability and future growth? Please provide some insight and analysis with answers to these questions.

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