Question
Betty wants to open her own florist shop.She has no employees now, but believes she will hire 1-3 people soon.Betty has $20,000 to begin her
Betty wants to open her own florist shop.She has no employees now, but believes she will hire 1-3 people soon.Betty has $20,000 to begin her business.Betty is very interested in the flexibility and independence owning her own company will give her.Betty is considering organizing her company as a sole proprietorship, as a limited liability company or as a corporation.You are Betty's attorney.Advise Betty about the advantages and disadvantages of each of these three forms of business organization by giving at least one advantage and one disadvantage of each form of business organization.
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