Question

Ming is starting a business and she would like her personal assets to be protected. Which organizational structures should she consider?

Answer 1

Answer is Limited Liability Corporation.

Step-by-step explanation:

If Ming adopts the limited liability corporation structure, and maybe at a stage of the business, the company gets sued, Ming personal assets will definitely be protected. This is because, in this type of corporation, the company or business will be responsible for its dept, while, Ming as the owner, will only be responsible for dept that is up to his share as the owner.