Choosing how to own a business is of little consequence to the ultimate determination of who is financially liable for the business.

Name: Choosing how to own a business is of little consequence to the ultimate determination of who is financially liable for the business.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The choice of business ownership structure (e.g., sole proprietorship, partnership, corporation) significantly affects financial liability, as different structures offer varying levels of personal liability protection.

Choosing How to Own a Business Is of Little Consequence