Solved

Matt and Alicia Created a Firm That Is a Separate

Question 48

Multiple Choice

Matt and Alicia created a firm that is a separate legal entity and will share ownership of that firm on a 75/25 basis.Which type of entity did they create if they have no personal liability for the firm's debts?


A) Limited partnership
B) Corporation
C) Sole proprietorship
D) General partnership
E) Public company

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