Business Consultant

Imagine you are consulting an investor relocating his subcontracting business to Texas. The investor has the following questions for you related to the type of business organization he would like to form:

(1) What is the best business organization if I want complete control of the management of the daily operations of my business? Please explain.

(2) Assuming I want the protection of limited liability, but still desire the simplicity of pass-through taxation, which business organization would you recommend? Please explain.

(3) To start a sole proprietorship or partnership, is there any formal filing requirements with the State in which I desire to start my business? Please explain.

(4) Overall, which type of business organization would you advise the investor to form? Please explain the benefits and the negative aspects of your recommendation.