Question: After completing his studies in architecture and securing his architectural license, John Smith wishes to start a business providing architectural design services to local schools,

After completing his studies in architecture and securing his architectural license, John Smith wishes to start a business providing architectural design services to local schools, government, and hospitals. Should John form his business as a sole proprietor, partnership or corporation. Why?

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The choice of business entity for John Smiths architectural design services will depend on various factors including his specific goals risk tolerance tax considerations and personal preferences Heres ... View full answer

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