Answered step by step
Verified Expert Solution
Question
1 Approved Answer
One of your friends has decided to open a landscaping business. He plans to hire 1-2 employees, and he knows someone who is willing to
One of your friends has decided to open a landscaping business. He plans to hire 1-2 employees, and he knows someone who is willing to invest $10,000 in the business in return for equal ownership in the business. Knowing that you are currently taking a business law course, your friend has come to you for advice in terms of what form of business (sole proprietorship, partnership, corporation, limited liability company, and the like) to select to operate his business. What is your recommendation, and why?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started