Alicia and Geraldo operate a large company that includes multiple shareholders who require regular reporting. What form of business ownership have they established for their company?

Question

A. corporation
B. partnership
C. limited liability company
D. sole proprietorship

Answer 1

Alicia and Geraldo have likely established their company in the form of a A. corporation. This form of business ownership typically includes multiple shareholders who expect regular reporting and accountability regarding the company's performance.