Based upon your readings in chapter 28 and the hypothetical, Ask an Expert

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Based upon your readings in Chapter 28 and the hypothetical above with Marty Mad, pretend that you still have your car detail business (that we've discussed this session). Your business is expanding and you're contemplating hiring 1 or 2 part-time employees. Right now you are operating as a sole proprietor, doing business as Trusty Car Detail.

Would you change your business entity before you hire any employees? Why or why not? If so, what kind of entity would you select. Explain. Do your readings this week deter you from hiring any employees or continuing with your car detail business?

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