Assume you are a practicing tax professional and your client

 Assume you are a practicing tax professional and your client has questions about starting a new business. Your client is curious about the limited liability company (LLC) and wants to know whether to incorporate as an LLC. Prepare a professional response to your client and provide at least two benefits and two drawbacks to the LLC form. Participate in follow-up discussion by identifying circumstances that would make an LLC an appropriate choice of business formation.