Since you're a better artist than businessperson, you're working with a lawyer and accountant who have advised you to establish a company and choose...
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Question

Since you're a better artist than businessperson, you're working with

a lawyer and accountant who have advised you to establish a company and choose a business form that helps you succeed as an artist. They've given you some preliminary information on sole proprietorships, C corporations, S corporations, partnerships, and limited liability companies. You don't know about any of that, but you know that you want to shield yourself from lawsuits, minimize taxes, have the ability to bring on different financial backers over time (in the art world, financial backers start by backing projects and then as their confidence grows in the artist, they eventually back the artist overall and not just specific projects), and give yourself as much flexibility as possible.
You Decide


         What business form would shield this artist from lawsuits and minimize taxes? 
      What business form would give the artist the greatest ability to bring on different financial backers over time?
      What business form would give the artist the greatest amount of flexibility over time?

Answered by Expert Tutors

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