GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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one reason a physicians practice might form a partnershiip as an LLP is to
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protect innocent partners from the malpractice of another person
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take advantage of higher dividend returns on shares of its stock
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permit the general public to purchase licensing rights in the practice
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ensure that the business experiences unlimited liability
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Explanation:
Detailed explanation-1: -The size of risk and the willingness of owners to bear it is an important consideration in the selection of a legal form of ownership organisation. The amount of risk involved in a business depends, among other, on the nature and size of business. Smaller the size of business, smaller the amount of risk.
Detailed explanation-2: -Sole Proprietorship This is a business run by one individual for their own benefit. It is the simplest form of business organization.
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