The form of business structure most likely to be used where assets are held for the benefit of other parties is:
A)a sole trader
B)a partnership
C)a company
D)a trust

Question

Quizplus · Accepted Answer

A trust is specifically designed for holding assets for the benefit of other parties, such as beneficiaries. Trusts are commonly used for estate planning and asset protection purposes, and can also have tax advantages. Sole traders, partnerships, and companies are not ideal for this purpose as they are focused on generating profits for their owners or shareholders rather than holding assets for the benefit of others.

The Form of Business Structure Most Likely to Be Used