LLCs and C Corps, The pros and cons of LLCs, and How To Start An LLC In 7 Steps (2024 Guide) which discuss business entities. Use these to compare an LLC with a C corporation and with an S corporation. If you were operating your own business (identify what the product and/or service it would provide), would you choose the LLC as the organizational form for your business? Explain why or why not.
Guided Response: Respond to at least two of your peers’ posts (and any comments made by your instructor) in a substantive manner and provide information or concepts they may not have considered. One approach you could use in developing a response is to argue why another type of entity would be a better choice. Each response should have a minimum of 100 words. Support your position by using information from the week’s readings.