For each of the following separate cases, recommend a form of business organization. With each recommendation, explain how business income would be taxed if the owners adopt the form of organization recommended. Also list several advantages that the owners will enjoy from the form of business organization that you recommend.

1. Sharif, Henry, and Korb are recent college graduates in computer science. They want to start a website development company. They all have college debts and currently do not own any substantial computer equipment needed to get the company started.
2. Dr. Ward and Dr. Liu are recent graduates from medical residency programs. Both are family practice physicians and would like to open a clinic in an underserved rural area. Although neither has any funds to bring to the new venture, an investor has expressed interest in making a loan to provide start-up funds for their practice.
3. Munson has been out of school for about five years and has become quite knowledgeable about the residential real estate market. He would like to organize a company that buys and sells real estate. Munson believes he has the expertise to manage the company but needs funds to invest in residential property.

Write a 1500-2000 word paper.  This assignment requires at least one (3) peer reviewed scholarly sources as references, the textbook (see below), and a Bible scripture reference incorporated into the paper.  

Reference all work that is not your own. Include a reference section.

Be sure to double space, and include your name and page number on every page. The paper should be submitted in APA format (title page, running header, page numbers, etc.)

The textbook used is: Fundamental Accounting Principles 22nd edition by; Wild, Shaw, and Chiappetta (please include page number referenced!!). This textbook is available online for reference, if you need the URL just ask me to provide it.