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Artemis and Zoey began their cheese business as a loosely formed partnership with no written agreement. They recently met with their accountant who mentioned that
Artemis and Zoey began their cheese business as a loosely formed partnership with no written agreement. They recently met with their accountant who mentioned that it may be time to change to a different type of business entity formation; for example, a limited liability company LLC or corporation C corporation or S corporation They have also considered the new B corporation or B Certification, as they believe this may appeal to more customers with a "green" conscious, and both like the thought of promoting the image of being employee friendly as well as ecosensitive to consumers and supply chain issues. Since their business currently operates as a partnership, they are increasingly concerned with tax issues, personal liability andor exposure to lawsuits. what business entity form makes the most sense for their operation? Does it make any difference if they plan to become a public company at some point in the future? Please analyze
Artemis and Zoey began their cheese business as a loosely formed partnership with no written agreement. They recently met with their accountant who mentioned that it may be time to change to a different type of business entity formation; for example, a limited liability company LLC or corporation C corporation or S corporation They have also considered the new B corporation or B Certification, as they believe this may appeal to more customers with a "green" conscious, and both like the thought of promoting the image of being employee friendly as well as ecosensitive to consumers and supply chain issues. Since their business currently operates as a partnership, they are increasingly concerned with tax issues, personal liability andor exposure to lawsuits. what business entity form makes the most sense for their operation? Does it make any difference if they plan to become a public company at some point in the future? Please analyze
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