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• 1. Jack and Jill were classmates since elementary. They went to college together
and recently passed the board exam for CPA. They decided to form “J&J” Auditing
Services.
• Bill, marketing student, is looking for a business to help him fund his studies. He
decides to rent a stall near the university and hire a sales lady to help him sell the
school supplies he buys from Divisoria. Mark-up is usually 25% of the cost.
• 3. Ms. A and Mr. B are both engaged in the production of soaps and shampoos .
They decided to join their businesses together in order to expand their market.
• 4. Mark, Sue and three more friends , who are mechanical engineers, decided to
open a plant where they can produce machines to be sold to big factories in
order to cut labor cost. Because the cost of starting the business is substantial,
they decided to invite incorporators to generate more funds.