Alyssa and Becky are suddenly successful candy makers and have been advised to organize their business to continue their success. They both want to avoid liability and be taxed as little as possible. Alyssa and Becky have heard about the limited liability company and corporations and have sought your advice regarding which form would better achieve their goals and how to organize their business. (a) To create and organize the business.? (b) How can Alyssa and Becky avoid being labeled as another business form? (c) What challenges might exist for creating their desired form?
Alyssa and Becky are suddenly successful candy makers and have been advised to organize their business to continue their success. They both want to avoid liability and be taxed as little as possible. Alyssa and Becky have heard about the limited liability company and corporations and have sought your advice regarding which form would better achieve their goals and how to organize their business. (a) To create and organize the business.? (b) How can Alyssa and Becky avoid being labeled as another business form? (c) What challenges might exist for creating their desired form?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Alyssa and Becky are suddenly successful candy makers and have been advised to organize their business to continue their success. They both want to avoid liability and be taxed as little as possible. Alyssa and Becky have heard about the limited liability company and corporations and have sought your advice regarding which form would better achieve their goals and how to organize their business.
(a) To create and organize the business.?
(b) How can Alyssa and Becky avoid being labeled as another business form?
(c) What challenges might exist for creating their desired form?
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