Which form of ownership is considered the most advantageous for shorter-termed projects or business ventures?
A)Corporations
B)General partnerships
C)Sole proprietorships
D)Limited liability partnerships or corporations
E)Stock ownership

Question

Quizplus · Accepted Answer

The limited liability partnership or corporation is considered the most advantageous for shorter-termed projects.
Key Takeaway: Limited liability partnerships limit the liability of the business to the extent of the investment. The limitation usually extends to limited input for management decisions, which encourages investors for shorter-termed projects and businesses.

Which Form of Ownership Is Considered the Most Advantageous for Shorter-Termed