Myra is transitioning from being an independent developer to starting a game development company. How should Myra release herself from direct legal liability?

Question

(1 point)
Responses

register a business license

register a business license

report income on taxes

report income on taxes

open a new bank account

open a new bank account

separate her personal finances from the business finances

separate her personal finances from the business finances

Answer 1

- Form a limited liability company (LLC) or corporation to separate personal assets from business liabilities
- Obtain business insurance to protect against potential legal claims
- Use contracts and agreements with clients and partners to outline responsibilities and liabilities
- Comply with all relevant laws and regulations in the industry and location of the business.