PracticeQuiz content is free on an ad-supported model.

Unfortunately, we can't support ad blocker usage because of the impact on our servers. If you'd like to continue, please disable your ad blocker and reload page.

Reload page

Financial Planner

Category - General Principles of Financial Planning

Start a Study Session Sign up for Question of the Day

Which form of ownership is considered the most advantageous for shorter-termed projects or business ventures?

Corporations
General partnerships
Sole proprietorships
Limited liability partnerships or corporations
Stock ownership

Explanation

Answer: D - The limited liability partnership or corporation is considered the most advantageous for shorter-termed projects.

Key Takeaway: Limited liability partnerships limit the liability of the business to the extent of the investment. The limitation usually extends to limited input for management decisions, which encourages investors for shorter-termed projects and businesses.

Was this helpful? Upvote!

Start a Study Session Sign up for Question of the Day

Financial Planner

Top questions

Related questions

Most popular on PracticeQuiz

Ad-Blocker not supported

Financial Planner

Top questions

Related questions

Most popular on PracticeQuiz