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Sarah and Matthews successes have enabled them to accumulate $150,000 in equity in their home...

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Accounting

Sarah and Matthews successes have enabled them to accumulate $150,000 in equity in their home and $95,000 in investments as well as a 20XX GMC 4x4 and tools that have fair market values of $38,000 and $18,000 respectively. They plan to use some of these assets as investments toward the start-up of MiCasa. Matthew and Sarah have worked diligently for the last two years formulating the marketing portion of a business plan which supports the viability of this. They strongly wish to protect the equity that they have in their home. Sarah plans to perform all the administrative tasks, contract estimating/quoting as well as delivery of materials to each workplace or site as required. Matthew will supervise the employees and sub-contractors and perform the skilled carpentry tasks. The workforce will be expanded as required in the future. Required Write a report to Sarah and Matthew Simmons to discuss: Select the legal form of business that will meet the objectives of the owner(s) and make a recommendation to the Simmons

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