Question: I need reference for this question. Thank you! The Smith family has a very successful family tea shop that also provides wireless Internet access and

I need reference for this question. Thank you!
I need reference for this question. Thank you! The Smith family
has a very successful family tea shop that also provides wireless Internet

The Smith family has a very successful family tea shop that also provides wireless Internet access and live entertainment. They believe that there is a great deal of growth opportunity in such tea shops and plan to eventually expand, perhaps even franchise. After meeting with their lawyers and accountants, they realize they need to change their business structure to either a corporation or a limited-liability company (LLC). 1. Would you recommend the Smiths form a corporation or a limited-liability company (LLC)

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