Author Question: __________ is a business entity in which the shareholders are members of the same profession, ... (Read 39 times)

jlmhmf · **on:** Aug 3, 2018

__________ is a business entity in which the shareholders are members of the same profession, purchase the corporation's stock, own the firm, share in the profits and losses of the firm in proportion to the number of shares they own

__________ is a business entity in which the shareholders are members of the
same profession, purchase the corporation's stock, own the firm, share in the
profits and losses of the firm in proportion to the number of shares they own, and
have limited personal liability.
a. Sole proprietorship
b. Partnership
c. Professional corporation
d. Business corporation

Question 2

A __________ is a form of business organization that normally allows lawyers doing business as partners to avoid personal liability for the malpractice of other partners.

a. Partnership
b. Professional corporation
c. Limited liability partnership
d. Limited partnership