How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask MShore Law Your Own Question
MShore Law
MShore Law, Attorney
Category: Business Law
Satisfied Customers: 25285
Experience:  Drafted Negotiated and/or Reviewed Thousands of Commercial Agreements
17924466
Type Your Business Law Question Here...
MShore Law is online now
A new question is answered every 9 seconds

I am opening a limo business. What type of corp should I

Resolved Question:

I am opening a limo business. What type of corp should I open
Submitted: 5 years ago.
Category: Business Law
Expert:  MShore Law replied 5 years ago.
Thank you for the post, I am happy to assist you by answering your questions. Will you be the only owner?
Customer: replied 5 years ago.
No it will be me and one other person. In the future we want to expand to a rental car business also. Could we use the same corp. for multiple businesses?
Expert:  MShore Law replied 5 years ago.
Yes, you can use the same corp for multiple businesses, will you be seeking investor financing?
Customer: replied 5 years ago.

No just our money

 

Expert:  MShore Law replied 5 years ago.
ok, an LLC would be the most efficient structure as an LLC provides the protection from personal liability but does not require the formality of a S-Corp.
MShore Law and 5 other Business Law Specialists are ready to help you

Related Business Law Questions