• 2022-06-07
    A business entity operated and taxed like a partnership, but with limited liability for the owners, is called a:
    A: limited liability company.
    B: general partnership.
    C: limited proprietorship.
    D: sole proprietorship.
    E: corporation.
  • A

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    • 0

      Which of the following is qualified to be an independent legal entity? _________ A: corporation B: individual proprietorship C: partnership D: Sole proprietorship

    • 1

      The goal of a limited liability company is to be taxedlike a partnership.

    • 2

      Which of the following may be used as acquisition vehicles? A: Partnership B: Limited liability corporation C: Corporate shell D: ESOP E: All of the above

    • 3

      A business partner whose potential financial loss in the partnership will not exceed his or her investment in that partnership is called a: A: generally partner B: sole proprietor C: limited partner D: corporate shareholder

    • 4

      business partner whose potential financial loss in the partnership will not exceed his or her investment in that partnership is called a limited partner. ( )