Angela has asked 110 of her closest friends to invest in her company, promising them protection from personal liability.Which form of ownership would you recommend Angela use?

Question

Quizplus · Accepted Answer

A limited liability company (LLC) would be the most appropriate choice for Angela's situation. It offers the personal liability protection she promised her investors, while also allowing for flexibility in management and taxation. Other options, such as a partnership or private company, may not offer the same level of protection from personal liability. A non-profit organisation may not be applicable if the business is intended to generate profits.

Angela Has Asked 110 of Her Closest Friends to Invest