Due to the recent meat recalls, Western Steakhouse is considering incorporating. The restaurant's owner wants to protect his personal assets in the event the restaurant is sued.
In addition to limited liability, what are 2 corporate entities that Western Steakhouse could use with advantages and disadvantages of each one?
What are the two ways to raise money for a business; explain the advantages and disadvantages. While doing so, provide an example of where each scenario makes fiscal sense.