You are thinking of staring your own company providing consulting services. You are married with two children. Your spouse will not be working with you in this venture. You may, from time to time as needed, hire temporary workers or independent consultants to help you.
You expect that your annual income, once it is fully operational, will be approximately $125,000 per year.
Local ordinances will permit you to work out of your home but you have not decided if you will do that or rent a space on Dover Street.
- What is the best organizational structure for your new company, and why? Are there any clear advantages over your choice and other options? What are those advantages?