Which legal entity is generally best suited for going public?
A) Limited Liability Partnership.
B) LLC.
C) General Partnership.
D) Corporation.
E) All of these entities are equally suited for going public.

Question

Quizplus · Accepted Answer

Corporation is generally the best suited legal entity for going public because it provides limited liability protection for shareholders, facilitates raising capital by selling shares to the public, and has a separate legal entity from its owners, which is required for going public. LLCs and partnerships are not designed for going public as they lack the necessary legal structure and governance required by securities regulations.

Which Legal Entity Is Generally Best Suited for Going Public