Question: Ronnie, James, and Macy agree to form a computer technology business. All three agree to invest in the company and want to participate in company

Ronnie, James, and Macy agree to form a computer technology business. All three agree to invest in the company and want to participate in company management. However, they want to make sure that their liability is limited to their capital contribution. They would also like to avoid any double-taxation issues. Fully discuss two business organization entities that would meet their criteria, addressing the characteristics and requirements of both.

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Two business organization entities that could meet Ronnie James and Macys criteria are Limited Liability Company LLC and S Corporation 1 Limited Liabi... View full answer

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