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Four wealthy individuals create a business for the purpose of funding the construction of a new commerce center to revitalize the downtown business district in

Four wealthy individuals create a business for the purpose of funding the construction of a new commerce center to revitalize the downtown business district in their city. Each one contributes 25 percent of the funds necessary for the project, and each is liable for only 25 percent of the firms losses. They all sign an agreement.
a.
sole proprietorship
b.
general partnership
c.
limited partnership
d.
professional corporation
e.
corporation

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