Business Structure for Ownership, Salary, and Liability Protection

Steps:

• List Jamie's needs: personal salary, 100% ownership, and protection from personal asset loss.
• Rule out unlimited liability options like sole trader, which exposes personal assets.
• Eliminate shared ownership structures like partnership, which dilute control.
• Select limited liability entity allowing single ownership and director salary.

Why C is correct:

• A private limited company provides limited liability under company law, shielding personal assets, while allowing Jamie as sole shareholder to own fully and draw a salary as managing director.

Why the others are wrong:

• A. Sole trader offers full ownership and salary but has unlimited liability, risking personal assets.
• B. Partnership shares ownership and liability, preventing full control.
• D. Public limited company requires public share trading and more regulations, unnecessary for Jamie's solo needs.

Final answer: C