Shanice is beginning to think about opening up her own childcare business. She is very risk-averse and wants to protect herself as much as possible from any business liabilities. Which legal business structure is the BEST choice for Shanice?

Question

(1 point)
Responses

sole proprietor

sole proprietor

LLC

LLC

franchise

franchise

referral

Answer 1

The best choice for Shanice would be to establish her childcare business as a Limited Liability Company (LLC). This structure provides personal liability protection, meaning that Shanice's personal assets would be separate from the liabilities of the business. This ensures that her personal finances are not at risk if the business faces any legal issues or financial difficulties.