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Assume that Phil, Aaron, and Jeff all want to be involved in the management decisions of the business. Also assume that the three men will

Assume that Phil, Aaron, and Jeff all want to be involved in the management decisions of the business. Also assume that the three men will be the only ones involved in any way with the business. Based on these facts, which type of business organization would be suit their needs?

  1. Sole proprietorship
  2. Limited Partnership
  3. General Partnership
  4. A member managed LLC
  5. Both C and D could facilitate this arrangement

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