Ingrid has asked 110 of her closest friends to invest in her company,promising them protection from personal liability.Which form of ownership would you recommend Ingrid use?

Question

Quizplus · Accepted Answer

The best choice would be a limited liability company (LLC) as it offers protection from personal liability, similar to a corporation, but with more flexibility in terms of management structure and taxation. Additionally, an LLC can have multiple members, allowing Ingrid to accommodate her 110 friends as investors.

Ingrid Has Asked 110 of Her Closest Friends to Invest