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You Invested $50,000 to Start an LLP Business, but Things

Question 2

Multiple Choice

You invested $50,000 to start an LLP business, but things haven't gone as planned. After two years of no profits, you have to shut the doors. The business owes creditors $75,000 for bills you haven't paid. How much money will you personally lose as a result of this business?


A) $0
B) $50,000 initial investment, but nothing more
C) $50,000 initial investment plus the $75,000 in unpaid business debt
D) $75,000 in unpaid business debt

Correct Answer:

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