Bill and his wife, Vickie, want to start a company that develops training sessions for corporate clients. They would like to share the decisions, have few start-up costs, and protect their personal assets. Which of these would suit their needs best?Limited liability corporation

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10-12-2022
Business

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Bill and his wife, Vickie, want to start a company that develops training sessions for corporate clients. They would like to share the decisions, have few start-up costs, and protect their personal assets. Which of these would suit their needs best?Limited liability corporation

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anamta123ahmed anamta123ahmed · Answer 1 · 2022-12-18T18:25:50+01:00

They would like to share the decisions, have few start-up costs, and protect their personal assets. Limited liability corporation would suit their needs best.

A limited liability organization (LLC) is a commercial enterprise entity that stops individuals from being chargeable for the employer's financial losses and debt liabilities. inside the occasion of felony action or commercial enterprise failure, legal responsibility is assumed by using the business enterprise instead of its constituent partners or shareholders.

Due to the fact an LLC is a separate entity, the owners of the company have constrained legal responsibility. that is one of the most vital blessings to operating as a restricted legal responsibility company. restrained legal responsibility means that the character property of LLC members can't be used to satisfy the LLC's debts and obligations.

Many organizations are based as LLCs. for instance, Anheuser-Busch and Westinghouse are organized as limited legal responsibility agencies.

Learn more about Limited liability here : https://brainly.com/question/13304738

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