To get personal liability protection doctors, lawyers, accountants, plumbers and electricians usually set themselves up as which of the following?

Question

Quizplus · Accepted Answer

Setting up a one-person corporation, also known as a sole proprietorship, allows individuals to have personal liability protection while also being the sole owner of their business. This means that their personal assets are separate from their business assets, which protects them from being held personally liable for any legal or financial issues that might arise in their business interactions. Limited partnerships and limited corporations are more complex structures that generally involve multiple owners and have different liability protections.

To Get Personal Liability Protection Doctors, Lawyers, Accountants, Plumbers and Electricians