Kayla is evaluating the ownership structure for her new business, which is in a high-risk industry where businesses are often sued. This relates to which key consideration for choosing ownership structure?
A) taxation and division of profits
B) legal and financial liability
C) business control and transfer of ownership
D) management structure

Question

Quizplus · Accepted Answer

The high-risk industry and potential for lawsuits make it important for Kayla to consider legal and financial liability when choosing an ownership structure. She will want to limit her personal liability and protect her personal assets from potential lawsuits.

Kayla Is Evaluating the Ownership Structure for Her New Business