Which of the following issues would influence an entrepreneur's choice of a form of business ownership?
A)Tax considerations
B)Management succession plans
C)Liability exposure
D)All of the above

Question

Quizplus · Accepted Answer

All the mentioned issues would have a significant impact on an entrepreneur's decision regarding the form of business ownership. Tax considerations would influence the choice of a business structure that minimizes tax liabilities. Liabilities exposure would determine whether to opt for a limited liability company (LLC) or a sole proprietorship. Management succession plans would dictate the need for a long-term ownership structure with the potential for a seamless transfer of ownership in the event of the entrepreneur's departure. Therefore, all these factors must be carefully considered before embarking on any form of business ownership.

Which of the Following Issues Would Influence an Entrepreneur's Choice