Analysis of the Various Business Structures
Marcy L. Gall
Business Law I BUS311
Mark A. Cohen
October 20, 2014
The best business model to establish is that of a Limited Liability Company. This model offers the owner to most protection and the lowest corporate tax rate. As it is stated in Essentials of Business Law, Limited Liability Companies are a representation of “an attempt to combine the best features of a partnership with the best features of a corporation” (Rogers, 2012).
Steps in Setting up a Limited Liability Company