Jim Smith and Bob Jones Recently Decided to Start Their

Multiple Choice

Jim Smith and Bob Jones recently decided to start their own car wash business.Jim's spouse and Bob's spouse both work for the same law firm each receives a salary exceeding $200,000 annually.Jim and Bob anticipate that the business will not be profitable for a few years but rather operate at a loss.Both Jim and Bob will both be working in the business.Based on these facts, the best form of business organization for the car wash would be:

A) A limited liability company
B) AC corporation
C) A partnership
D) A sole proprietorship