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29-08-2019
Business

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Chloe Michaels plans on opening Chloe Michaels Floral Designs. She is considering the various types of business organizations and wishes to organize her business with unlimited life and wants owners of the business to not be held personally liable for the business's debts. Additionally, Chloe wants the business to be a separate taxable entity. Which type of business organization will meet Chloe's needs best?

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sandlee09 sandlee09

03-09-2019

Answer:

Corporation

Explanation:

According to my research on different types of legal business entities, I can say that based on the information provided within the question the type of business organization that best meets Chloe's needs is known as a Corporation. This is a legal entity that is separate and distinct from its owners, therefore the owner is not held personally liable for business debts.

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