Jonathan is a patent attorney and is starting a legal practice. What form of business organization limits his liability to the a

Question

kow [346]

2 years ago

14

Jonathan is a patent attorney and is starting a legal practice. What form of business organization limits his liability to the a

mount he has invested in the business?.

Business

1 answer:

butalik [34] · Answer 1 · 2023-07-17T07:36:47+03:00

A corporation is the form of business organization that will limits his liability to the amount he has invested in the business.

<h3>What is a corporation?</h3>

This refers to the business owned by a group of people and authorized by the state in which it is located to act as though it were a single person separate from its owners.

It is owned by its shareholder who elect a board of directors to oversee the organization's activities, but the corporation is liable for the actions and finances of the business: the shareholders are not.