What type of business entity is a business organization like a general partnership in that it consists of two or more people who are co-owners of a business for profit but not all of the co-owners of the business are involved in the management and operation of the business?
a. Limited partnership
b. Business corporation
c. Limited liability partnership
d. Limited liability company
Question 2
What is typically included in a memorandum?
A) Facts and issue only
B) Facts, issue, and analysis
C) Facts, issue, and fees
D) Facts, issue, and statute of limitation
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