Fred and Ella are going to establish a business.They expect the business to be very successful in the long-run, but project losses of approximately $100,000 for each of the first five years.Due to potential environmental concerns, limited liability is a requisite for the owners.Which form of business entity should they select?
A)General partnership.
B)Limited partnership.
C)C corporation.
D)S corporation.

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The Answer of Fred and Ella are going to establish a business.They expect the business to be very successful in the long-run, but project losses of approximately $100,000 for each of the first five years.Due to potential environmental concerns, limited liability is a requisite for the owners.Which form of business entity should they select?
A)General partnership.
B)Limited partnership.
C)C corporation.
D)S corporation.

Fred and Ella Are Going to Establish a Business