Three Brothers of a Family Own a Furniture Showroom

Multiple Choice

Three brothers of a family own a furniture showroom. Each of them is actively involved in handling the day-to-day business activities. However, when the business suffered huge losses at the end of the last fiscal year, the personal wealth and assets of the brothers did not get affected. This is most likely because the brothers have a:

A) general partnership.
B) several liability partnership.
C) limited liability partnership.
D) limited partnership.