If you're asking yourself whether you want to make it easy for the ownership of your new business to change hands, which of the key questions about legal form of
Ownership are you posing?
A)How much control do you want
B)Should it be possible for the business to continue without you
C)Do you want to share profits with others
D)How much liability exposure are you willing to accept

Question

Quizplus · Accepted Answer

If you want to make it easy for ownership to change hands, then you should choose a legal form of ownership that allows the business to continue without you. This could be a corporation or a limited liability company (LLC) with multiple members. Both of these types of entities have perpetual existence, meaning that they can continue to operate even if one of the owners leaves or passes away. This makes it easier to transfer ownership through the sale of shares or membership interests.

If You're Asking Yourself Whether You Want to Make It