Johnny's "Joyride Graphics"
"Joyride Graphics", a graphic design company, is a dream of Johnny Jackson, a native of Jacksonville. Being in a rural University town, Johnny knows quite a few people. This situation has put Johnny in a dilemma with his business start-up phase financing. He is really confused about where else he can get money other than his own pocket for his "Joyride Graphics".

-If Johnny wants limited liability with Joyride Graphics,he can consider any of these legal forms EXCEPT

Question

Johnny's "Joyride Graphics"
"Joyride Graphics", a graphic design company, is a dream of Johnny Jackson, a native of Jacksonville. Being in a rural University town, Johnny knows quite a few people. This situation has put Johnny in a dilemma with his business start-up phase financing. He is really confused about where else he can get money other than his own pocket for his "Joyride Graphics".

-If Johnny wants limited liability with Joyride Graphics,he can consider any of these legal forms EXCEPT

Quizplus · Accepted Answer

A sole proprietorship does not provide limited liability protection. Therefore, Johnny cannot consider this legal form if he wants limited liability. The other options, including a corporation, limited partnership, and LLC, can provide limited liability protection to Johnny.

Johnny's "Joyride Graphics" "Joyride Graphics", a Graphic Design Company, Is a Dream of a Dream