Many new business owners prefer a limited liability structure because there are ________.
A)fewer corporate formalities
B)fewer lawsuits
C)typically higher profits than other forms of ownership
D)more informal agreements

Question

Quizplus · Accepted Answer

Limited liability structures like LLCs or S corporations have fewer corporate formalities compared to corporations, which means less paperwork and record-keeping for the business owner.

Many New Business Owners Prefer a Limited Liability Structure Because