Question
Cody has been operating his own after-school childcare facility for three years. He originally registered as a sole proprietor when he operated out of his home but has grown so much that he now offers services at a local community center. Why might he want to change to an LLC at this point in his career?
(1 point)
Responses
An LLC will protect the him from legal or financial trouble.
An LLC will protect the him from legal or financial trouble.
An LLC will require him to pay less in taxes.
An LLC will require him to pay less in taxes.
An LLC is the most lucrative type of legal business structure.
An LLC is the most lucrative type of legal business structure.
An LLC generally requires no formal action to establish.