Final answer:
Josue's business entity is a corporation, which shields its owners from personal liability for business debts and allows for easier capital raising. Corporations can indeed be registered as brokerages if they meet regulatory standards.
Step-by-step explanation:
Josue is part of a business entity that provides protection against personal liability for business debts. This type of business entity is known as a corporation. A corporation is a legal structure wherein the company is seen as its own legal entity, separate from its owners. Because of this separation, owners (also known as shareholders) are protected from being personally liable for the company's debts and liabilities.
Incorporation allows a company not only to protect its owners but also to raise capital more easily, either by borrowing from banks or selling shares. If Josue's corporation wants to operate as a brokerage, it would need to comply with specific regulatory requirements, which can vary depending on the jurisdiction and the type of brokerage services offered.
Ultimately, incorporating a business provides significant legal and financial benefits, which have been crucial for the growth and development of industries across the globe since the concept of the modern corporation was established.