Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ben and his family run a small winery in Sonoma, California, called Doodle Wines Inc. Ben approaches a lawyer and is looking to incorporate. Ben

Ben and his family run a small winery in Sonoma, California, called Doodle Wines Inc. Ben approaches a lawyer and is looking to incorporate. Ben tells the lawyer that he and his family value a corporation that would be low maintenance, protect personal assets, and provide for the family to retain control over the day-to-day operations of the business. What business structure should the lawyer recommend?

a.

C corporation

b.

General partnership

c.

Franchise

d.

Close corporation

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management And Organisational Behaviour

Authors: Laurie Mullins

7th Edition

9780273688761

Students also viewed these Law questions

Question

The concept of 'Economies of Scope' is relevant when a firm:

Answered: 1 week ago