After Leo graduates from college, he will be joining his father, uncles, and grandfather in the family business. His grandfather will be retiring soon and Leo isn't sure who will be running the business. This relates to which key consideration for choosing ownership structure?
A) legal and financial responsibility
B) taxation and division of profits
C) business control and transfer of ownership
D) management structure

Question

Quizplus · Accepted Answer

The situation mentioned in the scenario relates to "business control and transfer of ownership." Leo is not sure who will be taking control of the business after his grandfather's retirement, which means that the ownership structure should be flexible and able to allow for a smooth transfer of ownership. This consideration is key in ensuring the seamless continuity of the family business.

After Leo Graduates from College, He Will Be Joining His