Todd and Cathy created a firm that is a separate legal entity and will share own
ID: 2706077 • Letter: T
Question
Todd and Cathy created a firm that is a separate legal entity and will share ownership of that firm on a 50/50 basis. Which type of entity did they create if they have no personal liability for the firm's debts? Answer
Limited partnership
Corporation
Sole proprietorship
General partnership
Public company
Explanation / Answer
Corporation---correct answer-100% sure
Related Questions
Hire Me For All Your Tutoring Needs
Integrity-first tutoring: clear explanations, guidance, and feedback.
Drop an Email at
drjack9650@gmail.com
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.