Question
Jessica Hatcher has a small business as a distributor of children's swimwear called Kiddie Kovers. Jessica has done well on her own but was threatened
Jessica Hatcher has a small business as a distributor of children's swimwear called "Kiddie Kovers."
Jessica has done well on her own but was threatened six months ago with a lawsuit against "Kiddie Kovers" from a client. The lawsuit was due to an incorrect shipment that could not be replaced due to bankruptcy of the original manufacturer. Even though the court could rule against Kiddie Kovers Jessica is still not concerned about losing any of her personal assets (home, car, furniture, etc.) in the lawsuit. What form of business is Jessica likely to be operating?
A. | Sole proprietorship | |
B. | General Partnership | |
C. | Corporation | |
D. | None of the other answers |
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