Gloria is very concerned about insulating herself and her family from personal liability. You are a business planner and accountant. Gloria has come to you to get some advice on which business entity best suits her needs and objectives. For this assignment, you will prepare a three- to four-page memo to Gloria Smithson to advise her on which business entity you recommend she choose based on her situation and your research.
Prepare a paper that addresses the elements below.
- Identify three business formations that you believe Gloria could consider as appropriate for her business.
- Define each chosen business formation.
- Explain at least three pros and three cons for each potential business formation.
- Using the course material and the DeVry Library, research which business formation would best insulate Gloria and her family from potential liability.
- Your paper will be graded using the Week 3 You Decide Rubric.