Bill,a Local Inventor,developed a Diet Pill That He Believes Will

question 139

Multiple Choice

Bill,a local inventor,developed a diet pill that he believes will solve the obesity problem in the United States.Bill wants to create a new company,50% owned by Bill and 50% owned by a major drug company.Although he believes the pills are safe,Bill is concerned about liability if someone becomes sick or dies.The best form of business organization for the new company is

• A) sole proprietorship with Bill as owner and the drug company as creditor.
• B) general partnership with Bill and the drug company as equal partners.
• C) S-type corporation with Bill and the drug company owning equal shares.
• D) limited liability company with Bill and the drug company owning equal shares.

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