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Business Organization Form Choice Memo

In: Business and Management

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Business Organization Form Choice Memorandum

Erin P
PLAW 350
December 9, 2013

To: Professor
From: Erin P.
Date: October 23, 2013
Re: Business entity form and federal tax regime choice of Erin P Photography

As per our conversation on November 29, 2013, in regards to the firm’s new client, Erin P Photography, I have compiled the following information of your review. In this memorandum you will find that I have thoroughly examined the most viable options of business entity formation for Erin P Photography to show that forming a limited liability company would be the most appropriate choice for our client. I then examined the available options of federal tax regime selection for limited liability companies to find that federal taxation as an S corporation is the most appropriate and beneficial choice for the firm’s new client, Erin P Photography. The client, Erin P, came to the firm last week seeing guidance in legally establishing her own photography business. Ms.P requested that our firm handle the initial legal set up, but did not know what businesses entity form would be the best choice for her new enterprise. Ms. P was also unsure as to how the new business should be taxed under federal guidelines to best suit her interests. Ms. P did provide information as to her new business, Erin P Photography. Ms. P would be the sole employee, and preferably sole owner, of the business at inception and wishes to remain so. Her duties as owner and operator would include, but are not limited to, seeing out new clients, setting up client meetings, taking the photographs, preforming all of the post-production processing of the images, presentation of the final images to the clients, and coordinating with the professional printing lab to have prints made as the clients ordered them. Ms. P also stated…...

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