Author Question: Mary has developed a diet pill for obesity. She wants to create a new company with a major drug ... (Read 76 times)

Marty · **on:** Jul 11, 2018

Mary has developed a diet pill for obesity. She wants to create a new company with a major drug company. She is concerned about liability if someone becomes sick or dies after using the diet pill.

What is the best form of business organization for the new company?
A) A sole proprietorship
B) General partnership with Mary and the drug company as equal partners
C) S-type corporation with Mary and the drug company owning equal shares
D) Limited liability company with Mary and the drug company owning equal s hares

Question 2

Auto loan payments are an example of an inflexible expense.

Indicate whether the statement is true or false