Limited Liability Company, LLC: Case Study

I would advise Shania that the current economic environment the best option for the formation of her company is that of a Limited Liability Company, or LLC. This is because it offers the pass-through tax status and the safety of liability protection of a corporation. This would allow her to only be taxed once like a sole propriety or a partnership, which helps small-business owners keep their earnings. However, remove the personal liability as any action against the business can only act against the business and not Shania herself in most cases. Which with a sole proprietorship if the business where to get sued, Shania would have to cover anything over the assets of the company as well. Further that applies to a partnership as well, except Shania would be giving up a portion of her ownership and given the information this may not be the best course of action. And finally joint ventures …show more content…
Like what Hebrews 10:24-25 teaches us “And let us consider how to stir up one another to love and good works, not neglecting to meet together, as is the habit of some, but encouraging one another, and all the more as you see the Day drawing near.” However, here is already a “The Gathering Place Inc.” registered in Denver Colorado in 2014, and it is in good standing. While this seems like a missed chance, it is actually a great opportunity, because many franchises require the franchisee to use their name and other forms of their likeness. This would enable Shania to use the name of an already established Christian coffee shop like Seekers Coffee House if she were to choose. This brings in a built in customer base as well as proven brand for Shania to run her business. That is why I believe Shania should pursue a franchise opportunity, preferably a turn-key opportunity, rather than assuming all of the risk with no support with an independent coffee