Professional Group

Allen, Barbara, and Carson all went to dental school together. They all want to go into business together, because none of them can afford office space on their own. Allen and Barbara are slightly worried about Carson, because while they were $"$A$"$ dental school students, Carson was more like a $"$C$"$ student. Carson can also be a little impulsive.

Considerations: Rent or mortgage of office facilities, fixtures for a dental office, supplies for a dental office, marketing, payment of employees, insurance, etc.

What business entity or entities would you recommend to the Allen, Barbara, and Carson? Explain why you would recommend the entity and go through the pros and cons as they would apply to a professional group of dentists.

Choose two of the following entities to compare: Limited Partnership, Corporation, Professional Limited Liability Company