Essay question: Choose the best entity choice for a business with only these two considerations:
1. The company needs to raise $50,000 cash (working capital) and since it is a new company it can't borrow funds needed.
2. The company plans to hire employees and it is given that the employees don't care what kind of business entity they are working for. Hired employees will only have the benefits by the Federal Law.
Which entity is the best choice under these two considerations and why. (Your explanation of 'why' should explain the need and the characteristic of the entity chosen which meets that need and how it does.)
Your answer should fit in the area remaining in this text box. ie a short answer to the point.
Essay:
Choose Correct business entity
Supporting discussion points.
Attachment:- Business Entities Comparison Quiz.xlsx