Multiple Choice
The stockholders of a construction firm decide to start a steel company, but they want to have limited liability. After completing the business plan, they initiate the process of establishing the company by filing articles of incorporation and paying the filing fees to the state government. In this scenario, the stockholders of the firm want to start a _____.
A) franchise
B) general partnership company
C) limited liability company
D) C corporation
Correct Answer:
Verified
Correct Answer:
Verified
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