Business, 03.07.2020 18:01 jjdj5218

Charlene and her boyfriend, Charlie jointly own several acres of land that is adjacent to their home, of which they also own jointly. Charlie owns a sporting goods store and operates it as a sole proprietor. Charlene is currently employed as a computer technician for the local hospital but desires to follow her dreams and open her own business providing horseback riding lessons, boarding for horses and hosting horse shows. She plans on operating the business herself with limited or no employees. Charlie does not want to participate in the management of the business. When Charlene seeks your advice, she has already begun construction of the stables and the fencing for the corrals. which two entity types best suit her current and future needs and you will compare and contrast the two entity types. The types of entities you should consider are sole proprietorship, limited partnership, limited liability company, general partnership, C Corporation, and S Corporation. Select the top two choices for the client and explain why?

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