Question
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.
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