Hortense and a Few of Her Family Members Want to Launch

question 21

Multiple Choice

Hortense and a few of her family members want to launch a new venture but don't want to place their personal assets at risk. For this privilege they are willing to incur the higher taxes associated with the ________ form of organization.

• A) limited liability partnership
• B) limited liability company
• C) S corporation
• D) C corporation

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Definitions:

Personality Formation

The process by which an individual's personality develops over time, influenced by both genetics and environment.

Culture

The shared values, beliefs, norms, and practices that characterize a group of people or an organization.

Primarily Determined

Mainly or chiefly decided or influenced by a particular factor or factors.

Personality Attributes

Qualities or features that are inherent in one's character, contributing to their overall personality and the way they interact with the world around them.