Question

Manuel works for a very large company that sells stocks to shareholders. This is an advantage for which type of business structure? Choose the answer.

Partnership
Limited Liability Company
Sole Proprietorship
Corporation

Answer 1

Corporation

Step-by-step explanation:

A corporation is a business ownership structure where the business is considered a legal entity separate from the owners. A corporation is subdivided into small units known as shares. Owning a share implies owning part of the corporation. Shareholders own the shares and the corporation.

The shares of a public corporation can be acquired by purchasing them at the security exchange market. Anyone can purchase shares and become a shareholder.