The ethical norm that has a correlation with an individual

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The ethical norm that has a correlation with an individual who wants to make their business an LLC over a sole propriety would be security. Within the security ethical norm it provides the order in business relationships that permit predictable plans to be effective, (Kubasek et al., p. 9). For one, business may seek an LLC because their liability will be limited, (Morley, 2017). When an LLC is initiated, a company can still be sued but the business owners personal assets, such as homes and cars, will not be seized if money is owed, (Morley, 2017). This brings a sense of security that the owner will have as opposed to other business types such as a sole propriety. Even though personal assets can be seized for negligence or not following incorporation procedures, the security will be intact as long as proper rules and procedures are followed.

Reference no: EM131645763

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