When two or more people share the assets, liabilities, and profits of the business, the legal structure is a ____.
A) sole proprietorship
B) corporation
C) partnership
D) limited partnership
E) None of these choices
Correct Answer:
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Q33: If a nonprofit corporation is ever dissolved,
Q34: To operate as a sole proprietor requires
Q35: A corporation that is chartered in the
Q36: When one or more people agree to
Q37: The owner is the only person responsible
Q39: Professionals such as lawyers, doctors, and accountants
Q40: Income derived from for-profit activities in a
Q42: What are the disadvantages of a limited
Q43: What are the disadvantages of a sole
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