DQ 2 -

You have decided to start your dream business and must decide on the right type of business entity. Your goals in selecting an entity type are to minimize your tax burden; provide the appropriate structure to meet your strategic goals, operational needs, and provide business liability protection; and to allow for future growth, capital and expansion needs. Describe the business you would like to start, including your vision for your business in 10 years. Consider the factors above in your description and vision. Based on the required and supplemental readings, decide which entity structure you would choose and how that type of entity would meet each of the above-prescribed factors in your strategic vision of your dream business enterprise.

Put a lot of thought into developing the link between your chosen entity type and your business and the associated factors. Write a response that shows your ability to critically think about the potential consequences and implications related to the choice of entity structure.