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Entity Selection Exercise
In the business entity selection exercise, the writer will explain his idea/vision for the business while identifying legal and regulatory issues to be considered in creating/modifying a business. The author will also advise on which professionals to rely upon for business advice and counsel. Finally, a legal entity choice will be made for the business while providing rationale for the decision.
For the exercise, this author chose Joe's commercial landscaping and tree trimming business. In the past, Joe's Landscaping endured customers who did not pay for services rendered in a timely fashion. For Joe, the owner/operator who supervised a crew of up to 50 employees at a time, collecting delinquent bills was difficult to make a priority. Collection attempts for services rendered became a task that proved a poor return on investment. While most paid for services, many were late, which sometimes made Joe late in paying his own bills. …
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