Question
Which of the following statements about forms of business organization is true? a. A limited partnership is generally expensive to form. b. The primary advantages
Which of the following statements about forms of business organization is true? a. A limited partnership is generally expensive to form. b. The primary advantages of a limited liability company are the means of taxation and the limits on the liabilities assumed by the owners. c. A sole proprietor can generally raise unlimited equity to finance his or her business activities. d. Under a general partnership, each partner's potential loss is limited to his or her investment in the firm but he or she has unlimited say over the daily operations of the partnership.
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