Question

ANSWER ASAP

What kind of business organization requires more money up front, entails shared profits and responsibilities, but protect personal assets through shareholding?
a.) sole proprietorship
b.) partnership
c.) limited liability company
d.) corporation

Answer 1

D: Corporation.

If asked to elaborate: Corporations require a large initial investment, but owners are only liable for the initial investment after which shareholders, share profits, and the corporation itself shares responsibilities among its many parts.