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PART 1
Experts predict that limited liability companies (LLCs) will replace both corporation and partnerships for most small businesses as a result of Internal Revenue Service (IRS) regulations.
1. What are these IRS regulations that make forming an LLC so advantageous?
2. Conduct some Internet research and find a case involving an LLC. Briefly state the facts of the case and explain the court's decision. Provide at least a paragraph of your own analysis--do you agree with the court's decision--why or why not?
PART 2
If a small business owner came to you for legal advice regarding starting a business, what would you tell her about creating a limited liability company? Please discuss the pros and cons of a limited liability company. Include the financial and liability implications.
Do some quick Internet research. Find a case that involves a limited liability company. Briefly state the facts of the case and the court's decision. Do you agree with the court's decision?
important information about relevant costs for decision making1. frogers company makes 40000 units per year of a part
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