April is a doctor who is forming her own medical practice. She wants her practice to be flexible, simple to run, and free from required meetings, minutes, or resolutions. Her goal is to blend the best characteristics of corporations, partnerships, and sole proprietorships. What form of business ownership seems most in-line with April's goals?

Question

Social Studies

Roderick Newman

17 February, 22:59

April is a doctor who is forming her own medical practice. She wants her practice to be flexible, simple to run, and free from required meetings, minutes, or resolutions. Her goal is to blend the best characteristics of corporations, partnerships, and sole proprietorships. What form of business ownership seems most in-line with April's goals?

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Answers (1)

Know the Answer?

Marlie Lutz · Answer 1

Answer: limited liability company.

Explanation:

Limited liability company is a private company whose owners are legally responsible for its debts only to the extent of the amount of capital they invested.