If you want to establish and run your own business, but are very concerned about your liability should anything go wrong, which of the following would be the best kind of firm for you?

Question

Quizplus · Accepted Answer

A limited liability company (LLC) offers the owner liability protection similar to a corporation, while also being more flexible in terms of management and taxation. This means that should anything go wrong, the owner's personal assets would not be at risk.

If You Want to Establish and Run Your Own Business