Why Would It Be Safer for a Wealthy Individual to Set

question 190

Essay

Why would it be safer for a wealthy individual to set up his or her business as a corporation rather than as a proprietorship or partnership?

---

Definitions:

Reform

The process of making changes to something in order to improve it, often applied to social, political, or economic institutions.

State And Local Levels

Refers to the tiers of government below the federal level, including individual states and their municipalities, counties, or townships.

American Business Interests

Economic and corporate activities pursued by American companies and entrepreneurs, often influencing domestic and foreign policies.

Executive Branch

One of the three branches of government, responsible for implementing and administering public policy enacted by the legislative branch and interpreted by the judicial branch.