Myra is transitioning from being an independent developer to starting a game development company. How should Myra release herself from direct legal liability? (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
1 answer
The best way for Myra to release herself from direct legal liability would be to separate her personal finances from the business finances. This can be done by opening a new bank account specifically for the business and ensuring that all business transactions are conducted through this account. Additionally, registering a business license and reporting income on taxes would also help to establish the business as a separate legal entity, further shielding Myra from personal liability.