Bill and his wife, Vickie, want to start a company that develops training sessions for corporate clients. They would like to sha

Question

4 years ago

6

Bill and his wife, Vickie, want to start a company that develops training sessions for corporate clients. They would like to sha

re the decisions, have few start-up costs, and protect their personal assets. Which of these would suit their needs best?
A. Corporation
B. Limited liability corporation
C. Partnership
D. Sole proprietorship.

Business

2 answers:

faltersainse [42] · Answer 1 · 2021-11-17T11:37:10+03:00

"Limited liability corporation" is the one among the following choices given in the question that <span>would suit their needs best. The correct option among all the options that are given in the question is the second option or option "B". I hope that this answer has actually come to your help.</span>

Ronch [10] · Answer 2 · 2021-11-17T12:45:17+03:00

Answer:

The correct answer is option B.

Explanation:

Bill and his wife, Vickie, want to start a company that develops training sessions for corporate clients.

They would like to share the decisions, have few start-up costs, and protect their personal assets.

They should start a limited liability corporation. It is a business structure that combines the characteristics of a corporation with a sole proprietorship or a partnership.

The owners have limited liability. They are separate entities from their owners. The business assets are separate from the personal assets of the owners.