ECONOMICS
RISK AND RETURN
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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William and Theodore have decided to start a travel business called Excellent Adventures. Because their business primarily involves time-travel, their clients may be harmed during a small but significant portion of the travels. Consequently, William and Theodore would like a business form that will shield their personal wealth from any legal claims that the company might be subject to after a travel mishaps. If William and Theodore are the only investors in this Australian domiciled company, which legal form of organisation would be best for Excellent Adventures to protect both William and Theodore?
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sole proprietorship
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partnership
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limited partnership
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corporation
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Explanation:
There is 1 question to complete.