Sue Folker wants to start a new business decommissioning nuclear warheads and reactors. The work will involve significant hazards, and Sue is concerned about protecting her personal wealth from any losses the business might incur. If she is to be the majority owner of the business how should she structure it?

Question

Quizplus · Accepted Answer

Incorporating the business allows Sue to protect her personal assets from any liabilities or losses the business might incur, as a corporation is a separate legal entity. This structure is most suitable for a business involving significant hazards like decommissioning nuclear warheads and reactors.

Sue Folker Wants to Start a New Business Decommissioning Nuclear