Frank would like to avoid personal financial loss if his business idea does not work.Which form of ownership would you suggest?

Question

Quizplus · Accepted Answer

Choosing a company structure (such as a limited liability company or a corporation) provides liability protection for Frank's personal assets. If the business fails, Frank would only be at risk of losing the money he invested in the company and not his personal savings or property.

Frank Would Like to Avoid Personal Financial Loss If His