Question

Irene wants to start a business selling t-shirts. irene's top priority is that she alone has complete control over management decisions at all times. irene should most likely form a:

a. corporation.
b. partnership.
c. limited liability company.

Answer 1

The answer is LLC or also known as Limited Liability Company. This type of hybrid legal entity has the characteristic of mixed characteristics of a partnership, sole proprietorship and even a company in which they have a limited liability that could also be similar to shareholders in a corporation.