Suppose you were starting a new business with a friend. You and your friend have agreed that he will invest most of the capital and that you will do most of the work. You will invest some cash and a two-year-old truck, which will be used as a delivery vehicle in the business. Briefly discuss what information you would include in the partnership agreement for the new company. Be as specific as possible.
Sole Proprietor C Corporation S Corporation LLC Lawsuitprotectionfor ownerswhenbusiness issued? NO YES YES YES Assetprotectionfor businessassets whenowner issued? NO NO NO YES Additional…