Coco is considering forms of business organization for her concessions business-Coco's Cakes.Most states require that a limited liability company have

Question

Quizplus · Accepted Answer

Most states require that a limited liability company have at least one member, so forming a single-member LLC would be the best choice for Coco's Cakes. This would provide the benefits of limited liability for Coco while allowing her to maintain control over the business.

Coco Is Considering Forms of Business Organization for Her Concessions