Luisa is concerned about risks and liabilities involved with business ownership. What actions

can she take to BEST protect her personal property against the financial obligations of her
business?

(1 point)

○ Register the business name; patent the logo

○ Establish an IRA; set up automatic withdrawals

○ Seek legal counsel; choose the right legal structure

○ Hire an accountant; enroll in online banking

Mark

1 answer

The best action Luisa can take to protect her personal property against the financial obligations of her business is:

○ Seek legal counsel; choose the right legal structure

Choosing the appropriate legal structure (such as an LLC or corporation) can provide limited liability protection, which helps separate personal assets from business liabilities. Seeking legal counsel can ensure she understands her options and makes informed decisions regarding her business structure.