Two important considerations when choosing a form of business ownership is:
A)Number of employees and banking access.
B)Taxes and liability.
C)Liability and number of hours of work per week.
D)Number of small businesses vs.large businesses currently formed and percentage of profits that each form brings to the nation's GDP.

Question

Quizplus · Accepted Answer

Taxes and liability are two crucial factors to consider when selecting a form of business ownership. Taxes can vary depending on the type of business structure selected, and liability is important because it impacts how much financial risk the business owner is willing to take on.

Two Important Considerations When Choosing a Form of Business Ownership