What is the difference between a llc and a llcs


Assignment: The Legal Environment

Mike owns a small but successful coffee house. He decides to incorporate. Considering only tax benefits, should Mike form a C corporation or a subchapter S corporation and why? Discuss taxation under both forms.

What is the difference between a limited liability company (LLC) and a limited liability partnership (LLP) and why are LLCs and partnerships attractive to businesspersons? Explain.

Does any single form of business organization appear to be superior? What sorts of questions would one want to ask before selecting a business organization? Explain. Answer these questions in 500 words.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Business Law and Ethics: What is the difference between a llc and a llcs
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