Question

What priority must business owners place on the choice of the form of ownership for their business? It is a relevant decision It is a critical decision It is a complicated decision. It is a minor decision

Answer 1

Ans- A

The form of business ownership laso known as the organisation structure includes sole proprietorship, business partnership, limited liability company and corporation, etc. Waht priority must business owner place on the choice of form of ownership is a relevant decision. This decision by the business owner or entrepreneur is relevant to the some factors such as cost of startup, the choice over control and responsibility, taxation, entrepreneurs ability to invest, owner's risk tolerance level, availability of finance, transferability and continuity, etc.