Which of the following forms of business ownership is the most prevalent for a buy -sell agreement?
A) corporation
B) LLC
C) Subchapter S Corporation
D) partnership

Question

Quizplus · Accepted Answer

Partnerships are the most prevalent form of business ownership for a buy-sell agreement because these agreements are crucial in defining what happens to a partner's share of the business if they die, become incapacitated, or choose to leave. The agreement ensures a smooth transition and continuity of the business operations.

Which of the Following Forms of Business Ownership Is the Most