Jason Ford Has Been the Sole Owner of a Bicycle

question 187

Multiple Choice

Jason Ford has been the sole owner of a bicycle sales and repair shop for several years.Which of the following business types would limit Jason's personal liability exposure to the entity's debts?

• A) partnership
• B) limited-liability company
• C) sole proprietorship
• D) Any of the above.

---

Definitions:

Partialization

A problem-solving technique in social work and counseling that involves breaking down large problems into more manageable segments.

Discrete Units

Individual, separate elements or components that are distinct and not connected in a continuous sequence.

Engagement Process

The method through which individuals, groups, or communities become actively involved and invested in a particular project, program, or initiative.

Ethnic Group

A community or population that shares common cultural traditions, ancestry, language, history, or physical characteristics.