question archive Tricia and Troy are starting a pharmacy
Tricia and Troy are starting a pharmacy
Subject:LawPrice: Bought3
Tricia and Troy are starting a pharmacy. After meeting with their
attorney and accountant, they decided they want to begin using the simplest form of business organization they can. However, their primary concern is person liability. They don't want to jeopardize their personal assets for business obligations. They'll also need to obtain financing to get the business started. A few investors have expressed some interest, but they'll invest their money only if they receive some stake in the business or some possibility of return for their investment. The investors want to have no part in running the business and want to be sure they hav no liability for business debts. What fort of business organization would you recommend. Why would other forms of busness orgainzation wouldnt meet their needs?
