A small group of entrepreneurs undertaking a business venture have agreed on the roles each will assume in the business,but they must now determine the form of business structure for the enterprise.Which of the following best describes what the law facilitates by offering entrepreneurs choice in business structure?

Question

Quizplus · Accepted Answer

The law facilitates entrepreneurs to choose the degree of exposure to liability for business risks by offering different forms of business structures such as a sole proprietorship, partnership, limited liability partnership, or corporation. Each structure offers different levels of personal liability protection for the owners.

A Small Group of Entrepreneurs Undertaking a Business Venture Have