Multiple Choice
Laura owns and operates Meditation Center without creating a separate business organization. She receives all the profits from the fees for the classes and the sales of the center's merchandise. This is most likely
A) a general partnership.
B) a limited liability partnership.
C) a sole proprietorship.
D) a limited liability company.
Correct Answer:

Verified
Correct Answer:
Verified
Q26: Lee wants to go into the business
Q27: Bev owns and operates City Delivery Service
Q27: The Uniform Partnership Act governs the operation
Q30: Fact Pattern 28-1 Ann starts up Bowls
Q32: Nell is considering forms of business organization
Q33: Dissociation occurs when a partnership's customer ceases
Q35: A limited liability partnership allows professionals to
Q36: I n a limited partnership, a limited
Q40: During the winding up stage of dissolution,
Q57: When there is no formal, written partnership