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You and two of your friends are carefully considering starting a new business which will provide guided white water raft trips on the upper Kennebec River in Maine during warm weather months

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You and two of your friends are carefully considering starting a new business which will provide guided white water raft trips on the upper Kennebec River in Maine during warm weather months. Each trip lasts a day. The business will provide equipment to the customers (paddles, life jackets and helmets),as well as a snack and lunch.Write an essay containing approximately 250 – 500 words discussing which form of business organization would be A VERY GOOD CHOICE for the new enterprise. You should select the business organization which, on balance, has attractive features from the owners' point of view. The essay should state WHY the business organization you have selected is better, on balance, than (at least some of) the others. The essay should mention all of the following issues:

A. potential personal liability of the owners,

B. management rights,

C. federal income tax treatment of the business and its owners, (caution: do not use phrases like "single taxation" or "double taxation" unless you explain what the phrases mean.)

D. any legal restrictions on who can be owners (if relevant),

E. transferability of ownership interests