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Emma, Heidi, and Hilda Have Opened a New Cafe

Question 107

Multiple Choice

Emma, Heidi, and Hilda have opened a new cafe. Each of them have contributed $1,500 toward start-up costs and have agreed on dividing costs and profits equally. The legal structure for the company can best be described as a:


A) proprietorship.
B) partnership.
C) trade alliance.
D) corporation.
E) benefit corporation.

Correct Answer:

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