Which form of business organization most limits personal liability for its shareholders?
A) Sole proprietorship
B) General partnership
C) Corporation
D) They all share this attribute equally
Correct Answer:
Verified
Q2: When a general business partnership fails, the
Q8: A partner cannot terminate an ordinary partnership
Q13: States generally permit LLCs to have an
Q14: S Corporations are similar to partnerships in
Q15: Like limited partnerships,all of the investors in
Q16: The formation of a general partnership requires:
A)
Q18: Identify the correct statement about sole proprietorship.
A)
Q21: Publicly offered partnership interests:
A)are tax shelters for
Q22: Arthur and Alan decide to open a
Q37: If a business involves high risk, a
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