Please answer each of the 3 questions below in detail. Please use your book and any outside scholarly references – use the APA formatted citations to each answer and reference the page number in the book in your citing. Add a heading for each answer and please make sure your answers are at a minimum one completed paragraph. Each answer should be no less than 150 words not counting references. Make sure to tell me why or why not each possible entity type would work or not work in each answer.

A) You are opening a new business that is designing software for use in the medical field, the software calculates important body functionality and provides doctors with recommendations on proper drug dose. You will need to hire employees and are looking to raise capital ( money ) from investors. You hope one day to have the company become a publicly traded company or bought by a big pharmaceutical company. Explain what entity type you would form and why?

B) You are opening a bookkeeping service as an individual and know that bookkeeping as some risks of error and want to separate your personal assets from the business – what entity type would you choose and why?

C) You and two other individuals are opening a restaurant and two of you have the skills to run the business and one wants to be passive but from time to time be involved in decision making– what entity type best suits this small business.

Answer rating: 100% (QA)

Answer A A Corporation is the best entity type for this company because it will offer the most liability protection for the owners This is important because the software the company is designing is fo... View the full answer