Dr. Ruiz shares equal responsibility and liability with her colleagues in their small business, which is a medical practice. Her

Question

3 years ago

15

Dr. Ruiz shares equal responsibility and liability with her colleagues in their small business, which is a medical practice. Her

business is a ________.
A. Limited Partnership
B. General Partnership
C. Closely held corporation
D. Publicly held corporation

Business

1 answer:

Brrunno [24] · Answer 1 · 2022-08-26T22:19:02+03:00

Dr. Ruiz shares equal responsibility and liability with her colleagues in their small business, which is a medical practice. Her business is a general partnership. Compared to limited partnership, general partnership have unlimited liability and that general partners are liable to their partnership's obligations. The answer would be letter B.