Question $12(1$ point$)$

A small group of entrepreneurs undertaking a business venture have agreed on the roles each will assume in the

business, but they must now determine the form of business structure for the enterprise. What does the law facilitate

by offering entrepreneurs different business structure options?

choice of degree of exposure to liability for business risks

rules that make written agreements between parties binding

opportunities to maximize the protections that the law extends

legal certainty for activities conducted in the commercial arena