Question

Roger remembers from a business class he took years ago in college that there are several business forms to choose from. Each form offers both advantages and disadvantages. Roger is most concerned that the form he chooses provides some form of legal protection for the owners in case he is sued by someone who hurts themselves while using one of his hammocks. Which type of business would be best for Roger

Answer 1

Answer:

This question is incomplete, the options are missing. The options are the following:

a) Partnership

b) C Corporation

c) S Corporation

d) Limited Liability Company

e) Limited Liability Partnership

And the correct answer is the option D: Limited Liability Company.

Explanation:

To begin with, the name of "Limited Liability Company" refers to a type of form of business, in the field of business law, that is helpful to adapt and use for some owners regarding the particular characteristics that this form gives to them. So once said that, this type of business form has the characteristics of both a corporation and a partnership so that means that it is quite flexible and can adapt depending on the situation that the owner is having. Moreover, one of the most important aspects of this type of form is the fact that the owner has a limited liability to what happens in the company so that means that his private assets are secure under this form.