Which of the Following Forms of Organization Requires No Formal

question 61

Multiple Choice

Which of the following forms of organization requires no formal documentation but only business licenses for formation?

• A) Limited partnership
• B) Corporation
• C) Limited liability company
• D) Sole proprietorship
• E) S corporation

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Definitions:

Social Networks

Platforms and websites that enable users to create and share content or to participate in social networking and interactions.

Promotional Efforts

Activities aimed at increasing awareness, sales, or interest in a product, service, or brand through various marketing strategies and channels.

Social Media

Platforms that enable users to create and share content or to participate in social networking.

Contemporary Business

Contemporary business refers to the current state and practices of business, including trends, technologies, and methodologies relevant today.