Answer:
Step-by-step explanation:
Legal ownership refers to:
O Describes how your business is structured, which details ownership and liability as defined by law.
In a business context, legal ownership specifies how a business is legally structured, including details about who owns the business, their ownership percentages, and the legal responsibilities and liabilities associated with ownership. This information is crucial for defining the legal and financial aspects of the business. It is typically addressed in the business's legal documents and organizational structure.