Question

Assume that you are starting a business. Further assume that the business is expected to grow very quickly and a great deal of capital will be needed soon. What type of business organization would you​ choose?

Answer 1

If a business is expected to grow quickly and requires a significant amount of capital soon, the most suitable type of business organization would be a corporation.

Step-by-step explanation:

If a business is expected to grow quickly and requires a significant amount of capital soon, the most suitable type of business organization would be a corporation. A corporation is a large business structure that grants the company the ability to raise capital by selling shares of the company to investors.

This allows the business to access additional funds needed for expansion and growth. Additionally, a corporation provides limited liability protection to its owners, separating personal assets from business liabilities.