The Key to Choosing the Right Form of Ownership Is

Multiple Choice

The key to choosing the right form of ownership is ________.

A) envisioning where your business will be in 10 years
B) understanding the characteristics of each form and knowing how they affect your business and personal circumstances
C) forming either an S corporation or a limited liability company since they are the only forms that offer owners liability protection
D) irrelevant since choosing a form of ownership is merely a technicality and has little impact on the business and its owner(s)