Laid off due to downsizing and do not expect to return

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Reference no: EM132204512

You and your brother used to work at the powdered metal plant in your hometown but have been laid off due to downsizing and do not expect to return. You have been putting in patios, trees, and shrubs at your home and have helped many friends and relatives do the same. Based on everyone’s encouragement and some funding from family and friends, you are forming a landscaping company with your brother.

Based on the above fact pattern, choose what type of entity you will form (sole proprietorship, partnership, LLC, corporation). Explain your selection including tax, liability, and other reasons for your choice.

Reference no: EM132204512

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