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Emily Wants to Open a Chain of Sandwich Shops and Hopes

Question 93

Essay

Emily wants to open a chain of sandwich shops and hopes to attract investors to help finance growth.She considered forming a C corporation but wants to have more flexibility about how the new business will be taxed.She also wants to offer investors limited liability.What form of ownership will best meet Emily's objectives?

Correct Answer:

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A limited liability company would be the...

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