Seeking to form a business entity


Problem: Lauren, Kathryn and Emily are doctors seeking to form a business entity. The only two requirements the girls are considering are limiting liability as much as possible and that they all may operate the business. Lauren and Kathryn are concerned about Emily's competence. From Lauren and Kathryn's perspective the best business entity would be

 A.) professional corporation.

 B.) limited liability partnership.

 C.) general partnership.

 D.) limited partnership.

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