Emily Wants to Open a Chain of Sandwich Shops and Hopes

question 98

Essay

Emily wants to open a chain of sandwich shops and hopes to attract investors to help finance growth.She considered forming a C corporation but wants to have more flexibility about how the new business will be taxed.She also wants to offer investors limited liability.What form of ownership will best meet Emily's objectives?

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Definitions:

Cytologic Screening

A medical test that examines cells from various parts of the body to detect cancer or other conditions.

Papanicolaou Technique

A method of cervical screening used to detect precancerous and cancerous cells in the cervix, commonly known as the Pap smear or Pap test.

Mammography

An imaging technique using low-energy X-rays to examine the human breast for diagnosis and screening of breast cancer.

Monogamous Relationship

A partnership or marriage where both individuals agree to have a sexual and romantic relationship exclusively with each other.