Question
Hi, this is a passage im reading and I need help figuring out what type of business organization I should use. Craig and Carol knew
Hi, this is a passage im reading and I need help figuring out what type of business organization I should use.
Craig and Carol knew that they wanted more out of life. Craig works as an inspector for the
city health department, which involves inspecting restaurants and food service establishments
to see whether they are operating according to local laws. Carol worked as an insurance agent
for the first 10 years of their marriage and is a stay-at-home mom. Their home is paid for and
their oldest daughter received scholarships to attend their local state university. Their son
Charles is a senior in high school. Neither Craig nor Carol has much experience in owning or
operating a small business, yet this is what they want to do when their son graduates from high
school. They have been frugal and have saved over $200,000 for this venture. Craig will not be
quitting his job for a while. This will leave Carol with the responsibility of running the business.
The different business organizations are S corporations, limited liability companies, and cooperatives
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