Question

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?

A. Corporation
B. Limited liability corporation
C. Partnership
D. Sole proprietorship.

Answer 1

The correct answer is option B.

Step-by-step explanation:

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.

They should start a limited liability corporation. It is a business structure that combines the characteristics of a corporation with a sole proprietorship or a partnership.

The owners have limited liability. They are separate entities from their owners. The business assets are separate from the personal assets of the owners.

Answer 2

"Limited liability corporation" is the one among the following choices given in the question that would suit their needs best. The correct option among all the options that are given in the question is the second option or option "B". I hope that this answer has actually come to your help.