Samuel and Dexter Start a Logistics Company Together

question 112

Multiple Choice

Samuel and Dexter start a logistics company together. Both of them have an equal right to participate in the company's management and share in the company's profits. In this scenario, Samuel and Dexter most likely _____.

• A) own a corporation
• B) have a limited partnership
• C) have a general partnership
• D) own a limited liability company

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Definitions:

Explain

To make something clear or easy to understand by describing or giving information about it.

Justify

To provide valid reasons or evidence to support an argument or action.

Claim

A statement made about something, usually without providing evidence or proof, often requiring verification.

Adjustment

The process of making minor changes to improve or correct a situation or mechanism.