Business Law: As you enter the final week of your internship at Lambert, Bendini &...
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Business Law: As you enter the final week of your internship at Lambert, Bendini & Bocke, your supervising partner (Mitch Grisham) has given you an opportunity to advise the Morolto brothers, two entrepreneurs and recent graduates from Anderson University. Sydney and Scott Morolto are in the process of starting a business that will design and construct a new prototype hydrogen fuel cell for light commuter aircraft. You have already spent time advising them on the advantages of a corporation, and its been agreed this will be the best form of business organization for the new venture. Sydney and Scott need some initial capital to buy the equipment needed to begin making the hydrogen fuel cells. Their local bank has expressed reluctance to offer the new corporation an unsecured loan, and the brothers are now asking for your advice as to the best way to raise capital for this new corporation. What would you recommend is the best form of corporate financing in this situation?
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