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George would like to start a landscaping business and call it Landscaping by George. The business would require the use of heavy equipment, a large
George would like to start a landscaping business and call it Landscaping by George. The business would require the use of heavy equipment, a large truck with a hydraulic lift, and an open trailer. Because of that, he is fearful of causing an accident and getting sued. He is mainly concerned about reducing the risk of losing his house and other personal assets because of something that happens with the business. What type of business structure would be most suitable for George's business? A sole proprietorships, partnerships, limited liability partnerships, limited liability corporations, or corporations? What are pros and cons to the structure that is most suitable? What are the requirements for the business structure most suitable? Legal considerations
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