Hell with a hypothetical business for school

by anthony_44. Posted on Sep 14, 2020    1    6


I have to create a hypothetical business for my ag class where I will be providing aluminum tractors for their lightweight design but that’s not important. What type of business would be the best? I have no idea if it should be an LLC or partnership or corporation etc. any advice would be great thanks.


Comments

unequal_equilibrium 1

Corp.

  anthony_44 1

Why corp

unequal_equilibrium 1

Why not?

  anthony_44 1

Can’t argue that

unequal_equilibrium 1

Haha true. S-Corp will limit personal liability, which you’d want in the case of your company. However, you could end up getting double taxed.

  anthony_44 1

Interesting, thank you