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Type of business would best serve tilly needs

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Reference no: EM132050999

Tilly Gertz is interested in starting a new business. Tilly has developed her business plan and is ready to implement her ideas. However, Tilly lacks the necessary finances to begin her business. Along with a lack of finances, Tilly worries about the potential liability involved with starting a new business. Tilly would hate to lose all that she has personally accumulated to date in the event of a successful lawsuit against her. She is considering a sole proprietorship, a partnership, or a corporation as the organizing structure of her new venture.

  • Which type of business would best serve Tilly's needs at this given time?
  • Discuss the pros and cons of each type of business organization that Tilly may use.
  • Discuss the liability and protection involved and how financing could be obtained for Tilly.

Reference no: EM132050999

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