Which organizational form do you think would be best for Thomas and Bryan’s company and why? “Solve The Dilemma: To Incorporate or Not to Incorporate,” found on pp. 145-146 Business a changing would explain the advantages and disadvantages inherent in each business form, as it relates to the business described in the question
Which organizational form do you think would be best for Thomas and Bryan’s
Expert Answer
Answer
Limited liability corporation is best for Thomas and Bryan’s company.In this form members of the company cannot be held personally liable for the company’s debts or liabilities.It is a hybrid entitie which combine the characteristics of a corporation and a partnership or sole proprietorship.LLC combines the tax advantages of a sole proprietorship or partnership with the liability protection of a corporation.
