The Business Form That Offers the Limited Liability of a Corporation

question 39

Multiple Choice

The business form that offers the limited liability of a corporation and the tax status of a flow-through entity is

• A)a close corporation.
• B)a sole proprietorship.
• C)a limited liability company.
• D)a general partnership.

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Definitions:

Schizophrenia

A complex psychiatric disorder that affects a person's ability to think, feel, and behave clearly, often characterized by hallucinations, delusions, and cognitive difficulties.

Norepinephrine

A neurotransmitter and hormone involved in the body's stress response and in regulating mood, attention, and arousal.

Psychosurgery

Surgery that removes or destroys brain tissue in an effort to change behavior.

Chemical Abnormalities

Refers to the alterations in the body's chemical levels, often impacting mood, behavior, and cognitive functions, potentially leading to various mental health disorders.