Evaluate for tax concerns-potential liability and governance

Assignment Help Operation Management

Reference no: EM132179305

Phil Hooser has big plans. He wants to open a motorcycle shop on the outskirts of town. He plans to purchase a ten-acre plot of land and eventually he wants to also have a motorcycle race track on land. His brother will help him purchase the land and he has about $100,000 to invest in the project. He has no children, but two ex-wives.

Is it sole proprietorship, partnerships, LLC or corporation. You must support you answer by evaluating the needs of the particular business and the characteristics of the entity chosen. Evaluate for tax concerns, potential liability, governance, continuity, raising funds, and maximizing opportunities. Do not use platitudes or personal preferences as a rationale, rely solely on facts.

Reference no: EM132179305

Questions Cloud

Necessarily have all of their desired features : When is it "better" to give customers everything they want in a product as a premium price (higher than their average price) vs. giving them a lower priced

Coolest monkey in the jungle : Monkeys are very cute and you might even call your son or daughter, niece or nephew a little monkey.

What goals motivate an alcohol tax : Both a payroll tax and an excise tax on alcohol raise revenue and, respectively, shrink the markets for labor and alcohol. Although both have some functions.

Find an upper bound of the price of the call option : Find an upper bound of the price of the call option with strike 100, c(100), by using the information of c (80) and c(110)

Evaluate for tax concerns-potential liability and governance : Evaluate for tax concerns, potential liability, governance, continuity, raising funds, and maximizing opportunities.

Discuss about the demand for cigarettes : The demand for cigarettes, which create negative externalities through secondhand smoke, is often relatively inelastic. That is, when the price of cigarettes.

Communication is inevitable-irreversible and unrepeatable : Explain what is meant by the principle: "communication is inevitable, irreversible and unrepeatable."

How much they walk on the sidewalk : A local government is considering ways to raise taxes to pay for making sidewalks. One prominent citizen suggests taxing people based on how much.

Justify the positions in terms of price and quantity effects : In an election debate, two candidates for governor are debating about whether to raise the general sales tax from 5 to 7 percent.

User Account

All Pages