Deep Creek Equine Boarding Case Study

885 Words 4 Pages
There are many different types of business to consider when an individual starts their own business. The three main types are a Sole Proprietorship, Corporation and a Limited Liability Company. There are also many areas of business that an individual could pursue. Personally, if I could open my dream business it would be an equine (horse) boarding business ran by my husband and I. This business would involve the boarding of horses for extended periods, giving them quality care while their owners are not available to do so. The name of my business would be Deep Creek Equine Boarding, LLC. We would be located in Courtney, North Carolina. The reason I chose this particular type of business is that I love horses and being able to work with them would be a dream come true. As previously mentioned, the goal of my equine boarding business would be to provide optimal care for the horses while the owners are not able to do so (e.g. if the owners are on vacation, have an emergency out of state, …show more content…
This type of business is the most advantageous for me mainly for a couple of reasons. The first is the limited liability component, which means that in the event of a lawsuit my personal assets would be protected. For example, let’s say that one of the horses at my boarding clinic was seriously injured while exercising, and the owners of that horse wanted to file a lawsuit against my husband and I. The limited liability aspect would protect our personal assets (money, housing, etc.). There is also enhanced credibility with an LLC. This simply means that suppliers, marketers and lenders look more approvingly on LLC’s. This means that suppliers, such as Triple Crown Nutrition Inc. (horse feed company) would be more willing to work with me, since we have made a formal commitment to our business. Some other key advantages of an LLC are pass through taxation, and no residency requirements for business

Related Documents