Jack and louisa propose expanding their business

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Jack and Louisa own a car wash. Jack and Louisa propose expanding their business by opening two more car washes in the same city. Louisa is a bookkeeper for a major corporation. She intends to eventually quit her job to operate the car washes full time. Jack and Louisa are going to hire a mechanic, Greg, who once owned his own chain of car washes in another city. Jack and Louisa currently operate as a limited partnership. Greg suggests that Jack and Louisa should change to a corporate form. Should Jack and Louisa change from the limited partner form of business organization to a corporate form? Explain your reasoning.

Reference no: EM1330175

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