Explain the major differences between equity and debt financing and discuss the primary ways in which each would affect the future of the partners’ business.

Provide a summary to the partners, outlining the advantages and disadvantages of forming the business as a partnership and the advantages and disadvantages of forming as a corporation. Recommend which option they should pursue. Justify your response.
Explain the major differences between equity and debt financing and discuss the primary ways in which each would affect the future of the partners’ business.
Use at least two (2) quality academic resources in this assignment. Note: Wikipedia and similar websites do not qualify as academic resources.