Question

you need to create a legal structure for your small business. you have plans for it to grow and hope in the future to sell shares to the public. your startup partners are citizens of mexico and japan. you do not want to be personally responsible for business liabilities. which legal structure should you set up for your business? s - corporation limited liability company sole proprietorship c - corporation

Explanation:

S - Corporations have restrictions on shareholders (must be U.S. citizens or residents). Limited Liability Companies are more flexible but not typically for public - share selling. Sole Proprietorships offer no protection from personal liability. A C - Corporation allows for growth, selling shares to the public, and limits personal liability for business debts.

Answer:

D. C - Corporation