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5. You developed a product that you believe will solve a health problem. You want to create a new company, 50% owned by you and
5. You developed a product that you believe will solve a health problem. You want to create a new company, 50% owned by you and 50% owned by the company. Although you believe the products are safe, you are concerned about liability if someone becomes sick or dies. The best form of business organization for the new company is a, a sole proprietorship, with you arowner and the company as creditor b. a general partnership with you and the company as equal partners c. an individual business, with you and the company owning equal shares d. a limited liability company, with you and the company owning equal shares
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