Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik

Exercise 35

Heidi Birmingham and James T.Roberts have decided to create a business.They have financing available and have a well-developed business plan.However, they have not yet decided which type of legal business structure would be best for them.
Required
Write a report for these two individuals outlining the types of situations in which the corporate form of legal structure would be the best choice.