Multiple Choice
Three college graduates want to start an auto shop. Two of the partners will do most of the work, so they plan to share, receiving 40% of the profits each. The remaining partner will get 20% of the profits. Because working with other people's cars can create liabilities, they want to form of business that provides liability protection. Which form of business best fits their needs?
A) sole proprietorship
B) partnership
C) LLP
D) pass-through corporation
Correct Answer:
Verified
Correct Answer:
Verified
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