Business Law Critical Thinking Group Assignment.

Although a limited liability company (LLC) may be the best organizational form for most businesses, a significant number of firms may be better off as a corporation or some other form of organization.

1. The first group will outline several reasons why a firm might be better off as a corporation than as an LLC.

2. The second group will discuss whether it is preferable for a five-member LLC to be member managed or manager managed and will identify some of the factors that should be taken into consideration.