If you're asking yourself whether you want to make it easy for the ownership of your new business to change hands, which of the key questions about legal form of ownership are you posing
A) How much control do you want
B) Should it be possible for the business to continue without you
C) Do you want to share profits with others
D) How much liability exposure are you willing to accept

Question

Quizplus · Accepted Answer

If you want the business to continue without you and make it easy for ownership to change hands, you should consider a legal form of ownership that allows for easy transfer of ownership, such as a corporation or a limited liability company (LLC). These forms of ownership have the advantage of continuity of existence, which means that the business can continue even if the original owner leaves or dies.

If You're Asking Yourself Whether You Want to Make It