Multiple Choice
Although Lou Banfilter, now a young attorney, is impressed with Car Keepers and believes it could be a good investment, he told Genna that his professional position at a law firm prevents him from taking an active role in the business. He is also concerned about accepting more risk since he and his wife are expecting a child. He mentioned a preference for limited liability. If Lou joined Genna and Al, the three might consider forming a
A) limited partnership.
B) general partnership.
C) sole proprietorship.
D) master limited partnership.
Correct Answer:

Verified
Correct Answer:
Verified
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