Question
Dr. Quinn and Dr. Rose are dentists who practice as equal owners of QR Dental Services. QR Dental Services purchased $30,000 of dental equipment on
Dr. Quinn and Dr. Rose are dentists who practice as equal owners of QR Dental Services. QR Dental Services purchased $30,000 of dental equipment on credit. When QR Dental Services failed to pay its bill, the seller took it to court and won a judgment for $30,000. Which of the following is a false statement?
A. | Dr. Quinn and Dr. Rose may be personally liable for the judgment if the entity is a LLC. | |
B. | Dr. Quinn and Dr. Rose may be personally liable for the judgment if the entity is a LLP. | |
C. | Dr. Quinn and Dr. Rose may be personally liable for the judgment if the entity is a general partnership. | |
D. | All of the above are correct (true) statements. |
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