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You are planning to start a new business that will operate contactless convenience stores, which will allow people to grab what they want and pay
You are planning to start a new business that will operate "contactless"
convenience stores, which will allow people to grab what they want and pay
without interacting with a cashier. Due to startup costs, you expect the
business to generate losses the first two years; after that, you hope to get a
percent return on your investment. You prefer to own the business
entirely by yourself and design the technological systems and operation
methods for the stores, yet you want trustworthy people, two per store, to
handle the daytoday operations. You'd like to take a salary from the
business, minimize taxes, and protect yourself from liability.
Why is a limited liability company an especially good business form for
your company?
How might you be taxed on your salary and any profits from the business
if you choose to organize as an LLC
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