Phillip and Dwight Have Been Operating a Train Store Together

question 136

Multiple Choice

Phillip and Dwight have been operating a train store together for two years.After a patron slipped on some water on the floor and was injured,they began to think about their personal liability and decided to change the business form to one that would give them the same ability to pass-through profits and shared ownership and control but with little government interference.They would most likely form a

• A) limited-liability company.
• B) corporation.
• C) limited partnership
• D) syndicate.

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