Which type of business structure would a broker form if they are willing to be individually responsible for and liable for the acts of their employees?

Choosing a sole proprietorship as the business structure for a broker allows them to accept full personal responsibility for the business's liabilities and the actions of their employees. In this structure, the broker operates as an individual, meaning that there is no legal distinction between the owner and the business itself.

This translates to personal liability, which is a key characteristic of sole proprietorships. The broker would be liable for any debts or legal actions that arise from the business operations, including those stemming from their employees' conduct. This level of responsibility can seem daunting, but it also allows for a straightforward and uncomplicated business model, where decision-making is swift and typically involves only one individual.

In contrast, other business structures like corporations and limited liability companies (LLCs) provide limited liability protections, meaning that the personal assets of the owners are generally protected from business debts and liabilities. Partnerships also offer shared responsibility but can still involve personal liability. Therefore, a sole proprietorship is distinctive in that it emphasizes individual responsibility for all aspects of the business, aligning perfectly with the scenario presented in the question.