Multiple Choice
John and George have been talking about going into business together.John wants the business as an investment and has the money necessary to set it up,but wants no responsibility and little liability.On the other hand,George wants to run the business and is prepared to accept the liability that goes with it.In this case,the agreement that John and George will enter into to do business together is
A) a shareholders agreement.
B) a joint venture agreement.
C) a trust agreement.
D) a limited partnership agreement.
E) a limited liability partnership agreement.
Correct Answer:

Verified
Correct Answer:
Verified
Q41: Where there is no fixed end date
Q42: Explain how a partnership can be formed
Q43: Three women form a partnership.They contribute the
Q44: Chico and Amos decide to be partners
Q45: Lou,Pete,and Carl are all partners in a
Q47: In a limited partnership,although the limited partner
Q48: The greatest risk of liability to which
Q49: The most important restriction on a limited
Q50: Compared to a sole proprietorship,what are some
Q51: Mike,James,and Mary,advertising consultants,enter into a partnership and