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What kind of business organization requires more money up front, entails shared profits and responsibilities, but protects personal assets through shareholding? Sole proprietorship Partnership Limited liability company Corporation

User JagaSrik
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2 Answers

6 votes

Answer: corporation

Explanation: got it right on assignment

User Rejinderi
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The answer is option D "corporation." Corporations are business organizations that require money put into the company before the partner can get a hold of profits, responsibilities within the company, and even personal assets. Think about it this way if someone wants to become a stockholder or a partner in your company would you want money up front to help fund certain things your company needs? Of course! Which is why the answer is option D.

Hope this helps.