Joshua and Hubert Are the Co-Owners of a Shoe Manufacturing

question 58

Multiple Choice

Joshua and Hubert are the co-owners of a shoe manufacturing company. They have a disagreement over company policies and business methods. Following the discord, Joshua withdraws from the company and comes under the obligation to pay a sum of $10,000-the debts of the firm that are due at the time of his withdrawal. In the given scenario, Joshua and Hubert most likely _____.

• A) have a general partnership
• B) own an S corporation
• C) own a statutory close corporation
• D) have a limited liability partnership

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A decade known for significant social, political, and cultural changes, including the civil rights movement and counterculture.