Assignment 2: you are an entrepreneur!
I have created a business that offers services such as financial consulting, tax preparation and bookkeeping. The product or service my business provides is tailored to help individuals and small businesses manage their finances in an efficient manner.
In order to provide these services, I will hire a team of professionals who possess the necessary skillset needed to carry out operations effectively. This includes but is not limited to accountants, bookkeepers, financial advisors and customer service representatives who can handle any queries clients may have regarding our offerings.
The form of my business will be a Limited Liability Company (LLC) which allows me retain control while also providing protection from personal/corporate liabilities should any incident occur as result of our work. Moreover, this type entity also simplifies taxation responsibilities since income earned by LLC taxed at individual level rather than corporate.
Overall then, from both legal perspective operational standpoint setting up an LLC offers various advantages which make it beneficial for particular type business – thus allowing focus more on providing quality services customers
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