Need business and finance help with Legal Structures: Types of Business Entities

Business & Finance
Tutor: None Selected Time limit: 1 Day

The decision on a legal form for a business entity has important implications for decision-making, taxation, and liability.

 

If you and a friend decided to open a sports bar and restaurant, what form of entity would you choose and why?  What is the most important consideration for a business of this type?

Jan 10th, 2016

Thank you for the opportunity to help you with your question!

Limited liabilities companies is the most suitable business entity  for a sports bar and restaurant as its taxation is based on the number of shares owned by each partner. The most important consideration of this sort of business is the legal structures in case the business registers a loss, whether the business will be treated as an indepedent entity or the incurred debts will be transferred to the owners


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Jan 11th, 2016

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