"Scenario:

Akiva and Tara have just completed all educational and experiential requirements to be licensed as obstetricians. They want to open a birth clinic together. They will take out a large loan to finance start-up costs.

Question:

discuss the business entity that represents the best choice for each business, taking control, taxation, and liability issues into consideration;

identify laws and regulations each business must consider in starting the business, and

identify risks against which each business must protect itself