A ____ is an association of two or more persons to carry on, as co-owners, a business for profit, where each owner owns a share of the business and is personally liable for the firm's profits or losses.
A. sole proprietorship
B. professional corporation
C. partnership
D. business corporation
Answer: C
You might also like to view...
_______________ is what a firm actually receives in income as opposed to the amount it bills.?
A. ?Realization B. ?Income budget C. ?Time-to-billing percentage D. ?Staffing plan E. ?none of the above
A verdict is?
A. ?a jury's decision in favor of one of the parties. B. ?a court's order to the losing party. C. ?a court's final word on a case. D. ?the plaintiff's request for remedy at law.
Bankruptcy Code 11 U.S.C. ยง 101 (41 ) defines a person as an individual, partnership, and corporation but does not include
A) Chattels B) Government unit C) Bankruptcy unit D) Petitions
Legal assistants may participate in a law firm's profit sharing plan
Indicate whether the statement is true or false