Question

A local business known as P.C. Laptops has partners with limited liability. This business is most likely set up as a:

Answer 1

A local business known as P.C. Laptops having partners with limited liability suggests it is likely structured as an LLP or LLC, allowing protection of personal assets.

Step-by-step explanation:

If a local business known as P.C. Laptops has partners with limited liability, it is most likely set up as either a Limited Liability Partnership (LLP) or Limited Liability Company (LLC). These business structures allow partners to benefit from the profits of the business without risking their personal assets. In contrast, a sole proprietorship would not provide limited liability, and a general partnership would not limit the liability of the partners involved.