Question

Your best friend, elsu, designs and makes furniture. now he wants to start his own business. you know that elsu likes to control his own work and that he doesn't have a lot of time or money for complicated start-up procedures or ongoing record-keeping. what kind of legal structure would you recommend

Answer 1

I would recommend that he organize as a LLC organization. It provides him with the ability to file taxes and collect money as the organization but also protects him from the mistakes he may make or may be prone do in the complication of record-keeping.