Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Leslie is interested in starting a new business. Although Leslie has developed her business plan and is ready to implement her ideas, she lacks the

Leslie is interested in starting a new business. Although Leslie has developed her business plan and is ready to implement her ideas, she lacks the necessary finances to begin her new business. Along with a lack of finances, Leslie worries about the potential liability involved with starting a new business. Leslie would hate to lose all that she has personally accumulated to date in the event of a successful lawsuit against her. She is considering a sole proprietorship, a partnership, or a corporation as the organizing structure of her new venture. Which type of business would best serve Leslie's needs at this given time? In your discussion, include the pros and cons of each and explain your reason for choosing the organization structure that you chose.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

More Books

Students also viewed these Law questions

Question

1. Build trust and share information with others.

Answered: 1 week ago