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Airbound Trampoline Park Case Study

Satisfactory Essays
Legal Organization Status
Airbound Trampoline Park is a Legal Liability Corporation (LLC). A Legal Liability Corporation is a form of “business structure that mixes pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation” (Wikipedia). This means that the owner(s) of the company pay taxes on profits acquired by the business on their own personal tax returns, while still obtaining the perks of not being held liable for liabilities or possible debts of the company. Despite having the name “Corporation” in the title, a LLC is technically considered a legal form of a company rather than a corporation. Legal Liability Corporations are considered “easy going” and “flexible” which makes them great
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