Fred and Ella are going to establish a business. They expect the business to be very successful in the long-run, but project losses of approximately $100,000 for each of the first five years. Due to potential environmental concerns, limited liability is a requisite for the owners. Which form of business entity should they select?
A)General partnership.
B)Limited partnership.
C)C corporation.
D)S corporation.
E)Any of the above should satisfy Fred and Ella.

Question

Quizplus · Accepted Answer

The Answer of Fred and Ella are going to establish a business. They expect the business to be very successful in the long-run, but project losses of approximately $100,000 for each of the first five years. Due to potential environmental concerns, limited liability is a requisite for the owners. Which form of business entity should they select?
A)General partnership.
B)Limited partnership.
C)C corporation.
D)S corporation.
E)Any of the above should satisfy Fred and Ella.

Fred and Ella Are Going to Establish a Business