Multiple Choice
Aoife and her friend Maureen would like to open a dog-walking business in Coquitlam. Maureen will handle acquiring new clients, billing, and advertising, and Aoife will walk the dogs. They agree Aoife will earn 60% of the profits the business earns. They don't plan on needing any investment into the company and prefer to make all the decisions regarding the business themselves. They are concerned about liability in case one of the dogs happens to get injured while in their care. Which type of business ownership best suits Aoife and Maureen?
A) LLP
B) corporation
C) partnership
D) sole proprietorship
Correct Answer:

Verified
Correct Answer:
Verified
Q29: Jutta and Carl have a small medical
Q30: Thomas wants to make money, so he
Q31: Which form of business is the easiest
Q32: After Leo graduates from college, he will
Q33: What is the term for ownership structures
Q35: Three college friends start a new mobile
Q36: What is the most effective form of
Q37: Which of the following statements about corporations
Q38: Nastasia is 50% owner in a manufacturing
Q39: The gift shop chain that Althea started