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Which Form of Business Entity Was Created Primarily to Shield

question 51

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Which form of business entity was created primarily to shield innocent owners,particularly those in professions,from malpractice liability generated from other owners in the firm?


Definitions:

Laws

The system of rules that are created and enforced through social or governmental institutions to regulate behavior.

Complicated Consent Forms

Documents that are difficult to understand due to their complexity, often used in medical and research settings, which can hinder informed decision-making.

Counseling Practice

The professional provision of psychological support, guidance, and therapy to individuals, couples, or groups.

Research Volunteers

Individuals who willingly participate in scientific studies or experiments without receiving pay, contributing to the advancement of knowledge.

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