Assume that you would like to start a small business of your own. You have heard that a limited liability company will make sure that you will not be made bankrupt if the business is unsuccessful. You decide, therefore, to form a company to run the business.

List three advantages and three disadvantages in the table below of running your business as a limited liability company.

Transcribed Image Text:

Advantages Disadvantages (1) (1) (2) (2) (3) (3)