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5 February, 09:41

You are forming a new company that delivers food to students across college campuses. You have a number of partners, but your primary goals are to avoid personal liability and double taxation. You want to pay each of the partners based on the percentage of the company that they own. You would accomplish this by forming a (n) :

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  1. 5 February, 10:03
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    Limited Liability Company (LLC)

    Explanation:

    A Limited Liability Company (LLC) is a type of partnership business that protects the partners involved to avoid personal liabilities in the event that the company runs into debt.
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