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Which type of entity create if no personal liability

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?

		Limited partnership
		Corporation
		Sole proprietorship
		General partnership
		Public company

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Which type of entity create if no personal liability

Reference No:- TGS0552435

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Which type of entity create if no personal liability

Reference No:- TGS0552435

Recent Questions Asked Finance Basics

Q : How much money will have at the end of four years

Q : Food and drug administration

Q : How much interest to earn over the next five years

Q : Health promotion in nursing practice

Q : Which type of entity create if no personal liability

Q : Minimum expectation for the selling price

Q : Find future value of investment cash flows after six years

Q : Evaluate investments in fixed assets

Q : Research report and annotated bibliography

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