Wally is a college senior with a business idea for a company to sell over the Internet.Wally has a generous aunt who has given him $10,000 for Christmas every year of his life.Wally has invested this money wisely and thus will not need other owners in his new company.Wally wants to form an LLC for its ease of operation,limited liability,and flow-through tax treatment.Wally is also trying to decide where to live,because he can run this business from anywhere there is a phone line.Discuss Wally's situation.

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The Answer of Wally is a college senior with a business idea for a company to sell over the Internet.Wally has a generous aunt who has given him $10,000 for Christmas every year of his life.Wally has invested this money wisely and thus will not need other owners in his new company.Wally wants to form an LLC for its ease of operation,limited liability,and flow-through tax treatment.Wally is also trying to decide where to live,because he can run this business from anywhere there is a phone line.Discuss Wally's situation.

Wally Is a College Senior with a Business Idea for a Company