When choosing a form of ownership,the entrepreneur should realize that:
A)it is difficult if not impossible to change forms of ownership once the company is established.
B)the expense of changing forms of ownership makes it prohibitively expensive to change.
C)the most common form of ownership is the partnership and is the least expensive to establish.
D)he/she will most likely change the form of ownership as the company grows in size and revenues.

Question

Quizplus · Accepted Answer

The form of ownership may change as a company evolves, growing in size and revenue, to accommodate new needs, access different funding options, or provide a better legal or tax structure. This is a common practice as businesses scale and their objectives shift.

When Choosing a Form of Ownership,the Entrepreneur Should Realize That