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Which organizational structure would you recommend?

You have been approached by a friend that would like to go into a healthcare business venture with you because of your experience and knowledge in healthcare. You have opted to open a licensed Residential Health Care Facility for the Elderly. Which organizational structure would you recommend for the facility and why?

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I would definitely recommend an LLC because this is a healthcare venture. Healthcare is one of the fields with the highest amount of associated liability because it deals with the care, treatment, and management of each person's health. This is a residential healthcare facility for the elderly, which means our percentage of associated illnesses and treatments will be higher than in a non-residential care facility, and because the population is a ...

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This solution addresses the following scenario:

You have been approached by a friend that would like to go into a healthcare business venture with you because of your experience and knowledge in healthcare. You have opted to open a licensed Residential Health Care Facility for the Elderly. Which organizational structure would you recommend for the facility and why?

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