You need to create a legal structure for your small business. You have plans for it to grow and hope in the future to sell shares to the public. Your startup partners are citizens of Mexico and Japan. You do not want to be personally responsible for business liabilities. Which legal structure should you set up for your business?

Question 1 options:

Limited Liability Company

S- Corporation

Sole Proprietorship

C- Corporation

Question

02-09-2021
Business

Answered

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You need to create a legal structure for your small business. You have plans for it to grow and hope in the future to sell shares to the public. Your startup partners are citizens of Mexico and Japan. You do not want to be personally responsible for business liabilities. Which legal structure should you set up for your business?

Question 1 options:

Limited Liability Company

S- Corporation

Sole Proprietorship

C- Corporation

Sagot :

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