Question

Bill, a local​ inventor, developed a diet pill that he believes will solve the obesity problem in the United States. Bill wants to create a new​ company, 50% owned by Bill and​ 50% owned by a major drug company. Although he believes the pills are​ safe, Bill is concerned about liability if someone becomes sick or dies. The best form of business organization for the new company is

Answer 1

Corporation

Step-by-step explanation:

The corporations have a limited liability. They answer until they investmnet amount. While a partnership will have unlimited liability. A corporation on which Bill has 50% of the shares and 50% are own by the major drug company will provide the desired capital structure and limited liability