Which type of business organization is the least risky for the owner(s)?
Sole proprietorship, Partnership, or Corporation
2006-09-18 03:41:07 · 6 answers · asked by cak 1 in Education & Reference ➔ Homework Help
Corporation. A corporation is considered a seperate person for legal purposes, whereas the other two types are not. Therefore, the owner is fully liable under the first two types - if a sole proprietor is sued, his personal belongings may be confiscated as part of the outcome.
Under the a corporation, the only liability that stockholders in a corporation have is the stock itself. The corporation assumes liability for it's actions.
2006-09-18 03:48:13 · answer #1 · answered by ³√carthagebrujah 6 · 1⤊ 0⤋
The least risky for the owners would be corporation because in corporation you have limited liability and the debt that are incurred in the business would not be the responsibility of one owner and they cannot go personally after your personal assets. In sole propriertorship or partnership they can because in sole propriertorship you have unlimited liability and the debt is upon one person and in partnership if the other partner don't pay, you are responsible for it.
2006-09-18 04:12:47 · answer #2 · answered by Charmaine 2 · 0⤊ 0⤋
Wow, those solutions are so actually stumbled on in case you do not already understand them. i'm not attempting to be a clever *ss, yet you're able to try this in case you tried vs. having one human beings do your artwork.
2016-12-15 09:50:53 · answer #3 · answered by idaline 4 · 0⤊ 0⤋
Sole owner of,landscaping,janitorial or let me do the shopping.
2006-09-18 03:49:44 · answer #4 · answered by kman1830 5 · 0⤊ 1⤋
I would say they are all eually risky as you can deal with loss of funds, company goes banrupt.... etc
2006-09-18 03:47:08 · answer #5 · answered by Anonymous · 0⤊ 1⤋
Funreral Director...folks are always diein...!
2006-09-18 03:50:31 · answer #6 · answered by FrogZ...! 1 · 0⤊ 1⤋