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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)
Responses

Register the business name; patent the logo
Register the business name; patent the logo

Establish an IRA; set up automatic withdrawals
Establish an IRA; set up automatic withdrawals

Seek legal counsel; choose the right legal structure
Seek legal counsel; choose the right legal structure

Hire an accountant; enroll in online banking

1 answer

To best protect her personal property against the financial obligations of her business, Luisa should:

Seek legal counsel; choose the right legal structure.

This action will help ensure that she selects a business structure (like an LLC or corporation) that can provide limited liability protection, separating her personal assets from the business liabilities. Legal counsel can guide her on the best options based on her specific circumstances.