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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
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