Think limited liability is more beneficial or partnership

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Reference no: EM131645771

Please provide your thoughts about the below paragraph:

The ethical norm that is consistent with a person who chooses a LLC over a sole proprietorship would be security. In a limited liability company (LLC) the investors and owners are protected but in a sole proprietorship the partners are liable for all debts incurred by the business. Thus a person who chooses a LLC over a sole proprietorship would be a person who isn’t extremely confident in an investment that they believe has a higher level of risk attached to it (Kubasek et al., 2017).

In your opinion do you think limited liability is more beneficial or the partnership or for the investors?

Reference no: EM131645771

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