Would you recommend the smiths form a corporation

Assignment Help Management Theories

Reference no: EM133536980

What's Going On

The Smith family has a very successful family tea shop that also provides wireless Internet access and live entertainment. They believe that there is a great deal of growth opportunity in such tea shops and plan to eventually expand, perhaps even franchise. After meeting with their lawyers and accountants, they realize they need to change their business structure to either a corporation or a limited-liability company (LLC).

Using the information in Chapter 4 of your textbook, together with the lecture notes and the readings in this module regarding corporations and limited-liability companies (LLC), make a recommendation as to which you would recommend to the Smiths. Provide at least three reasons for your recommendation. They already understand that both forms of doing business have limited personal liability and this should not be one of the reasons you give them.

Initial Discussion Post

Number (and letter) your response to each issue (failure to do this will be reflected in your grade).

Would you recommend the Smiths form a corporation or a limited-liability company (LLC)?

Reference no: EM133536980

Questions Cloud

Who are the main competitors for an art gallery : Who are the main competitors for an art gallery (You must name actual competitors!) Which ones are leaders?

How do you intend to approach this negotiation : What is your strategy? In other words, how do you intend to approach this negotiation given what you know? For example, what is your opening move

Discuss expansion either new zealand or united kingdom : Case companies: Dan Murphy's, considering expansion (opening a chain of stores) into either New Zealand or the United Kingdom.

Would you like dax regret that the doctors kept you alive : Imagine that you are in the same situation as the current Dax. Would you, like Dax, regret that the doctors kept you alive when you were in pain?

Would you recommend the smiths form a corporation : Number (and letter) your response to each issue (failure to do this will be reflected in your grade). Would you recommend the Smiths form a corporation

What kind of client management could crm assist a non-sales : What kind of client management could CRM assist a non-sales company with?

How the leadership of brainstorming and learning : Advantages or disadvantages of brainstorming and learning collaborative task groups. How the leadership of brainstorming and learning collaborative task groups

One schools fight-the making of a law : "One School's Fight: The Making of a Law," describe the economic evaluation used to solve the school's funding problems.

How social media can have negative impacts : How Social Media can have negative impacts on mental health Your progress letter tells me what research you have completed on your major report

User Account

All Pages