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Which structure(s) provides a company flexibility, low startup costs and broad freedom from regulation?
Marissa and Pedro are engineers and want to start a construction company, the projects they are aiming for are quite large so they will need outside investment. Marissa and Pedro are also concerned about legal protection since lawsuits can be common in their line of work. Which structure(s) suits them best?
Jennifer is a baker and wants to start a baking business on her own on the side while still working her regular job. She will be in the business by herself and she expects to make around $15,000 to $20,000 a year from it. Which business structure(s) makes the most sense for Jennifer?