Choose an example of a company you could start, and decide which business structure would make the most sense for that type of c

Question

3 years ago

15

Choose an example of a company you could start, and decide which business structure would make the most sense for that type of c

ompany (sole proprietorship, partnership, LLC, C corporation, S corporation, or nonprofit corporation). Explain why this structure would be good for this type of company. Give at least 3 reasons. (3-6 sentences. 6.0 points)

Business

1 answer:

Feliz [49] · Answer 1 · 2022-01-04T06:13:26+03:00

An example of a company that I could start is an online curio shop. The business structure that would make the most sense is an S corporation. This is because the S corporation provides protection from personal liability and is not complicated as I can report the profit and loss on my individual tax returns.