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[solution]: Research and provide an example of a strategic alliance in a 500


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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.

thank you





Scenario one

 

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...

 


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