A corporation is a separate legal entity capable of owning ...

[CBme]

A corporation is a separate legal entity capable of owning property, contracting, and being sued in its own name.
  Indicate whether the statement is true or false

Question 2

George, Phil, and Graham own a tract of land that they want to use to create a planned community. They would all like an equal say in the project, but they also want limited liability in case the development does not do well. Which of the following business structures will give them what they want?
 A)General partnership
 B)Limited partnership
 C)Limited liability company
 D)Corporation

[ecabral0]

Answer to Question 1

TRUE

Answer to Question 2

C

[CBme]

Thanks for the timely response, appreciate it

[chereeb]

Excellent