Answered

Josue is part of a business entity in which the parties are protected against personal liability for business debts. What type of business entity is this? Is it able to be registered as a brokerage?

A. It is a corporation. It may be registered as a brokerage.
B. It is an LLC. It may NOT be registered as a brokerage.
C. It is an LLC. It may be registered as a brokerage.
D. It is a corporation. It may NOT be registered as a brokerage.



Answer :

GinnyAnswer

Final answer:

A corporation and an LLC both offer liability protection to owners, but only a corporation can be registered as a brokerage.


Explanation:

A corporation is a business structure that provides protection from liability to individual owners, as the company is legally seen as its own entity. In contrast, a Limited Liability Company (LLC) also offers liability protection to its members. However, not all LLCs may be registered as a brokerage, while a corporation can be registered as a brokerage.


Learn more about Types of Business Entities here:

https://brainly.com/question/30156415


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