Reference no: EM132227335
Choose five factors from the list below that you would personally deem most important if you were selecting a legal entity for your new business. Legal Entity Choice – Factors to Consider
Minimal start-up complexity/legal costs
Owners’ personal assets are shielded from company liabilities
Owners’ rights and responsibilities are customizable
Future initial public offering is imminent and/or desired
Business losses can potentially offset owners’ personal taxable income
Minimal restrictions on the number and/or type of owners
Ownership interests are easily transferable
Earnings will typically be distributed to owners vs. reinvested
Prefer to avoid the imposition of self-employment taxes
For each of your five choices, indicate the “right” legal entity choice(s) that best matches your preferred outcome (for example, if you have 200 unrelated best friends and it is important to you that all of them are co-owners, then it would not be wise to choose an S-corporation for your business).
Conclude your post by explaining which legal entity type you would have ultimately chosen.