Which type of ownership is the most expensive to start

Question

Quizplus · Accepted Answer

Corporations usually require more legal documentation and fees, making them the most expensive to start compared to other types of ownership. However, they offer many advantages, such as limited liability protection, which may make them the best choice for some businesses. The choice of ownership depends on the nature, size, and goals of the business. Each type of ownership has its own advantages and disadvantages. Therefore, it is important for entrepreneurs to consult with a lawyer and a tax advisor to determine the best option for their business.

Which Type of Ownership Is the Most Expensive to Start