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Mary, Susan and Amy are planning on starting a small gift shop in Indianopolis, Indiana. Susan wants to provide the funds and limit her liability
Mary, Susan and Amy are planning on starting a small gift shop in Indianopolis, Indiana. Susan wants to provide the funds and limit her liability to her initial investment. She is not interested in running the gift shop at all. Mary has the funds to contribute and will actively participate in the shop's daily operation. Amy will serve as an active consultant and manage the business of the shop in addition to providing the funds. Among the three, only Mary and Amy are willing to accept liability for the shop's debts. The three of them all have agreed to share the profits while keeping the intial organization cost of the business to a minimum. What is the best business organization choice for them? Multiple Choice Corporation 0 Limited partnership General partnership Sole proprietorship Joint stock company
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