Question: Your client seeks advice on the business entity to use for a new business venture. In making a choice, the client states these requirements: obtain
Your client seeks advice on the business entity to use for a new business venture. In making a choice, the client states these requirements: obtain investment to stand up and grow the business; maintain control of the operations and decisionmaking; maximize liability protection, and, of course, minimize taxes.
What entity should they choose?
A Discuss the factors to consider in choosing one form over the other to meet the clients requirement, then make a recommendation.
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