choice of business entities, business and finance homework help

Lucy owns and manages two businesses. She now intends to start a third. Her new business will offer high-end catering services. Lucy will be the sole owner, but will spend very little time in the business. The inspiration and driving force behind the business will be Jane. I addition to Jane, the business will have ten employees and regularly have three trucks on the road. Lucy anticipates that the business will be profitable from the get-go. She anticipates withdrawing profits on a regular basis. She wants to have a separate entity for business purposes. What form of entity do you recommend? What additional facts would you like to have?

 

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