hello I need assistance on answering the following question, this is for my business law 2 class. I need to cover all 6points (tax concerns, potential liability, governance, continuity, raising funds, and maximizing opportunities. ) below are the instructions for the assignment.
Choose the most appropriate entity from the following list: sole proprietorship, partnerships, LLC, or corporation. You must support you answer by evaluating the needs of the particular business and the characteristics of the entity chosen. Evaluate for tax concerns, potential liability, governance, continuity, raising funds, and maximizing opportunities. Do not use platitudes or personal preferences as a rationale, rely solely on facts. There is no length requirement, nor any format requirement, but I must be able to easily discern the issue you are analyzing.
Here are the 2 scenarios I need to answer:
1.An attorney, Sue Brains, wants to live her dream of owning an Arts/Home Décor Shop in a small town. She has $20,000 toward start-up costs. She and her husband own a home with a mortgage, some cars, and a modest savings account. They each have a modest retirement account.
2.Bob and Barb Big want to open a burger franchise in their hometown. They recently received an estate from a relative valued at approximately $300,000. They own their home and have a modest savings account.
Sue Brains should start as a limited liability company to fulfill the dream of owning an art/home décor
shop. This is because it combines the tax efficiency and operational...
This question was answered on: Dec 18, 2020
Buy this answer for only: $18.50
This attachment is locked
We have a ready expert answer for this paper which you can use for in-depth understanding, research editing or paraphrasing. You can buy it or order for a fresh, original and plagiarism-free copy (Deadline assured. Flexible pricing. TurnItIn Report provided)
Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .
About this QuestionSTATUS
Dec 18, 2020EXPERT
GET INSTANT HELP/h4>
We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.
You can also use these solutions:
- As a reference for in-depth understanding of the subject.
- As a source of ideas / reasoning for your own research (if properly referenced)
- For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).
NEW ASSIGNMENT HELP?
Order New Solution. Quick Turnaround
Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.
WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN YOUR SET DEADLINE.