​Maurice and Stanley's Train Store Has Grown to the Point

question 154

Multiple Choice

​Maurice and Stanley's train store has grown to the point that they need more capital to expand the current location and to open stores in other cities. They do not want the liability of taking out a loan and are no longer concerned about government oversight but would still like to maintain limited liability. They would most likely form a

• A)​corporation.
• B)​sole proprietorship.
• C)​syndicate.
• D)​co-op.

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