Question

The key to choosing the "right" form of ownership is:___________-

a. knowing the cost factor in time and money.
b. understanding how each form affects both business and personal circumstances.
c. having an experienced attorney and accountant to advise you in the choice.
d. the fact you cannot change the form of ownership once your company is established.

Answer 1

b

Step-by-step explanation:

The key to choosing the "right" form of ownership is understanding how each form affects both business and personal circumstances.

Basically there are three types of ownerships in the market sole proprietor, partnership and corporation. So, choosin the right kind of ownership does affect both business and personal circumstances