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Lily wants to build a business. She has very little capital. She does, however, have a partner with which she could run a business. Lily

Lily wants to build a business. She has very little capital. She does, however, have a partner with which she could run a business. Lily wants to be able to avoid being held personally liable for any problems the business has. Which of the following would lead Lily to choose a sole proprietorship organization for her business?

  • Possession of a partner
  • None of the above
  • Avoidance of personal liability
  • Little capital

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