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You and a family member are considering starting a business together. You have a very...

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Accounting

You and a family member are considering starting a business together. You have a very detailed conversation about your mutual expectations, your business goals, and your respective roles in the business. What items should you discuss with your partner before entering into a business arrangement? What are the most important factors that you believe need to be addressed and agreement upon prior to forming the business? You are both considering a limited liability company. (LLC). Is an LLC the most appropriate form of business organization? (What about a Partnership, S-Corp or a Sole Proprietorship) Please explain why these are important to you?

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