What form of organization would have been the best choice

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Question: Alan Dershowitz, a law professor famous for his wealthy clients (O. J. Simpson, among others), joined with other lawyers to open a kosher delicatessen, Maven's Court. Dershowitz met with greater success at the bar than in the kitchen-the deli failed after barely a year in business. One supplier sued for overdue bills. What form of organization would have been the best choice for Maven's Court? Strategy: A sole proprietorship would not have worked, because there was more than one owner. A partnership would have been a disaster because of unlimited liability. They could have met all the requirements of an S Corporation or an LLC. (See the "Result" at the end of this section.)

Reference no: EM131896123

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