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Question

/takeAssignment/take Search.. geNOWv21 Online te... . Outloo... ConnectNew tab Fred and Ella are going to establish a business. They expect the business to be very successful in the long- run, but project losses of approximately $100,000 for each of the first five years. Due to potential environmental concerns, limited liability is a requisite for the owners. Which form of business entity should they select? a. General partnership b. Limited partnership C) c. C corporation Od. s corporation Oe. Any of these choices should satisfy Fred and Ella

Explanation / Answer

There is limited liability for any promoters business in they form any partnetship, limited partnership of or form any corporation.

So any of these choices are suited to Fed and Ella.

Answer = Option E = Any of these choices should be satisfied Fed and Ella

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