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What form of business organization would be recommended

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Reference no: EM132313535

Tricia and Troy are starting a pharmacy. After meeting with their attorney and accountant, they decide they want to begin using the simplest form of business organization that they can. However, their primary concern is person liability. They don't want to jeopardize their person assets for business obligations. They'll also need to obtain financing to get the business started. A few investors have expressed some interest, but they'll invest their money only if they will receive some stake in the business or some possibility of return for their investments. The investors want to have no part in running the business and want to be sure they have no liability for business debts. What form of business organization would be recommended? Explain why other forms of business organization wouldn't meet their needs.

Reference no: EM132313535

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