Question

Marie and Marti are partners who solely own M and M Florist. As owners, they can Multiple Choice claim only limited liability. avoid taking any legal responsibility for M and M. sell stock in their company. claim the organization as their legal property. decide not to pay a dividend to their stockholders.

Answer 1

Answer: Claim the organization as their legal property.

Step-by-step explanation:

As the sole owners of M and M.Florist, Marie and Marti can claim the organization as their legal property because the law does not separate them from the company like it does to LLCs. This is a Partnership and as such both of them can be held personally liable for the operations of the business including debt repayments if the business fails to do so.

For this reason and more, they are allowed to claim the business as their legal property.