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Sam Jones, Mary Adams, and Larry Brown have been talking about starting their own business for several years

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Sam Jones, Mary Adams, and Larry Brown have been talking about starting their own business for several years. It will cost $100,000 to start this business. If they form a partnership, how would you recommend that they organize?

Joe Latte completed a business plan and determines that it will take $120,000 to open a coffee and gelato shop. He has $30,000 of his own money and will have to obtain $90,000 in loans or grants. How should Joe go about getting financing. What is the probability that he can obtain a grant to start a combination coffee and Italian ice cream shop?