Discuss the various entity types

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Reference no: EM133330732

Assignment:

Roland and his three brothers want to start a sports center for youth sports. They have discussed the various entity types and have made a list of the most critical issues in creating a business. The most important issue is that they all want to be employees of the entity. The next most important thing is that they do not want to receive a Schedule K-1 at the end of the year. The last issue for the brothers is that they want to be able to transfer their ownership in the company easily should any of them decide they no longer want to be in business. How should they organize their business?

-Partnership

-Corporation

-Sole proprietorship

-Joint venture

Reference no: EM133330732

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