Which is an advantage of a Company business structure?Group of answer choicesUnlimited liabilityTaxed dependent on incomeLimited liabilityNot very complicated to set up
Question
Which is an advantage of a Company business structure?Group of answer choicesUnlimited liabilityTaxed dependent on incomeLimited liabilityNot very complicated to set up
Solution
The advantage of a Company business structure is Limited liability. This means that if the company incurs debts or is sued, the shareholders' personal assets are protected; they can only lose the money they've invested into the company.
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