Multiple Choice
Will and Bill both enjoy sunshine, water, and surfboards.Thus, the two friends decided to create a business together renting surfboards, paddle boats, and inflatable devices in California.Will and Bill will equally share in the decision making and in the business profits or losses.Which type of business did they create if they both have full personal liability for the firm's debts?
A) Sole proprietorship
B) Limited partnership
C) Corporation
D) Joint stock company
E) General partnership
Correct Answer:
Verified
Correct Answer:
Verified
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