Question: Identifying types of business organisations
Chloe Michaels plans on opening Chloe Michaels Floral Designs. She is considering the various types of business organisations and wishes to organise her business with unlimited life and wants owners of the business to not be held personally liable for the business's debts. Additionally, Chloe wants the business to be a separate taxable entity. Which type of business organization will meet Chloe's needs best?