Question 83 (1 point) William and Nigel decide to start a partnership business. They ask their friend Sophia to become a limited partner in order to help them with additional funds to get the business started. Which of the following statements about Sophia would be correct if she becomes and remains a limited partner in this scenario? She may be involved in management of the business but to a rather limited degree. She cannot be entitled to any share in the profits of the business. She may lose her investment if the business fails, but she will have no personal liability for partnership debts. She may be considered an employee and therefore will be entitled to wages for the services she renders to the partnership. Question 84 (1 point) Which of the following is a taxable entity? Corporation Sole proprietorship General partnership S Corporation