Brad and Jeevan would like to start a new business selling a product new to the U.S. market. Brad and Jeevan have done a considerable amount of research on this product and think it would be successful in the United States. However, they are still concerned about the risk of a new venture, and both would like to avoid losing any personal assets. They should organize their firm as a:___________

Question

16-02-2022
Business

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Brad and Jeevan would like to start a new business selling a product new to the U.S. market. Brad and Jeevan have done a considerable amount of research on this product and think it would be successful in the United States. However, they are still concerned about the risk of a new venture, and both would like to avoid losing any personal assets. They should organize their firm as a:___________

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Parrain Parrain · Answer 1 · 2022-02-24T10:03:08+01:00

In order to avoid losing personal assets, Brad and Jeevan should organize their firm as a Corporation.

Why would a corporation be best?

A corporation is considered a separate entity from its owners for tax and legal purposes.

This means that if Brad and Jeevan were to make their firm a corporation, they would not have to worry about their personal assets being seized in the case that the firm suffers losses.

In conclusion, they should create a corporation.

Find out more on corporations at https://brainly.com/question/1624317.