From the perspective of ownership risk, the best form of business organization is the ______.
A) Sole proprietorship
B) Corporation
C) Partnership
D) S Corporation

Question

Quizplus · Accepted Answer

A corporation provides limited liability to its owners, meaning they are not personally responsible for the debts and obligations of the business. Therefore, their personal assets are not at risk if the business faces financial difficulties or legal issues. This makes a corporation the best form of business organization in terms of ownership risk. Sole proprietorships, partnerships, and S corporations do not offer the same level of limited liability protection.

From the Perspective of Ownership Risk, the Best Form of Business