In choosing the form in which to conduct business, if ease of formation is the primary concern, the owners would choose a:
A) corporation.
B) limited liability partnership.
C) limited partnership.
D) general partnership.

Question

Quizplus · Accepted Answer

A general partnership is the easiest form of business to form as it does not require formal paperwork or fees that entities like corporations, limited liability partnerships, and limited partnerships typically require.

In Choosing the Form in Which to Conduct Business, If