Question
This assignment focuses on business structures. THIS IS JUST A DISCUSSION QUESTION. PARAGRAPH ANSWERING THE QUESTIONS WILL SUFFICE! Scenario: You and Lue, both sole proprietors,
This assignment focuses on business structures. THIS IS JUST A DISCUSSION QUESTION. PARAGRAPH ANSWERING THE QUESTIONS WILL SUFFICE!
Scenario:You and Lue, both sole proprietors, want to combine your businesses into a single entity called Shining Surfaces. You operate a residential and commercial painting business with 5 full-time employees and 2 part-time employees, and 4 independent contractors.Lue operates a commercial and residential window washing service with 6 full-time employees.
You have more business experience, so Lue asked you to collect information to recommend a business structure (also called "business form") for Shining Surfaces.
After researching business structures, you compile the information to use in discussion with Lue.
A.Create comparison chartthat shows various business structures and compares and contrasts each type of structure.You may use the chart format in the hyperlink above, or create similar chart, or create excel chart.
B.Write memo to Lue recommending a business structure for Shining Surfaces that best minimizes tax and personal liability for the new business and its owners.Explain and justification your recommendation specifically and in detail.
Label answer parts. REFERENCES PLEASE ALONG WITH IN TEXT
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