Instructions:

Write an essay that advises Corey and Clarence of the following:

1. Explain the pros and cons of LLC versus a C Corporation, and advise which of these 2 structures is the best choice for Corey and Clarence.
2. Identify and recommend two (2) types of intellectual property (IP) they can secure in the United States for their widget and for each IP include the following:
   1. Definition of the IP;
   2. The benefit of the particular IP and the kind of protection it provides;
   3. Length of time the IP protection will last; and
   4. The U.S. government agency that issues and/or otherwise oversees the IP