Asked by Riley Bruns on May 12, 2024
Verified
Generates 90% of business revenues
A) Proprietorship
B) Partnership
C) Corporation
D) Limited liability company (LLC)
Corporation
A legal entity that is separate and distinct from its owners, capable of owning property, entering into contracts, and being subject to lawsuits.
Business Revenues
The income generated from normal business operations, typically from the sale of goods and services to customers.
- Learn the basic attributes and contrasts among different forms of business establishments.
Verified Answer
AJ
anika jabeenMay 13, 2024
Final Answer :
C
Explanation :
A corporation is the most suitable choice for a business generating 90% of its revenues as it offers the advantage of limited liability protection and can raise capital by issuing stocks. Proprietorship and partnership structures do not offer limited liability protection and may not be able to raise capital as effectively as a corporation. An LLC could also be a suitable option but may not be as well-established or well-recognized as a corporation.
Learning Objectives
- Learn the basic attributes and contrasts among different forms of business establishments.