Design-an-Ad
Debbie is a marketing and graphic arts major at ABC University and is exploring the idea of starting her own business, "Design-an-Ad". She has several options that she is considering—going alone into business, joining with two other friends or her brother David. Where she needs help is in determining the form of business she should consider.

-Based on what you have learned in this chapter,unless otherwise advised by Mr.Hutchinson,the best choice for Design-an-Ad is

Question

Design-an-Ad
Debbie is a marketing and graphic arts major at ABC University and is exploring the idea of starting her own business, "Design-an-Ad". She has several options that she is considering—going alone into business, joining with two other friends or her brother David. Where she needs help is in determining the form of business she should consider.

-Based on what you have learned in this chapter,unless otherwise advised by Mr.Hutchinson,the best choice for Design-an-Ad is

Quizplus · Accepted Answer

Limited liability company (LLC) would be the best choice for Design-an-Ad. It offers the owners limited liability protection along with the flexibility of a partnership structure. LLCs have pass-through taxation, meaning the profits and losses are reported on the owners' personal tax returns. This would be a good fit for Design-an-Ad, as it is a small business with few owners and likely wants to keep things simple.

Design-An-Ad Debbie Is a Marketing and Graphic Arts Major at ABC