Gmetrix entrepreneur
Ashford University
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Gmetrix Entrepreneurship & Small Business Practice Exam 1 (answered)
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Gmetrix Entrepreneurship & Small Business Practice Exam 1 (answered) 
 
 
You need to create a legal structure for your small business. You would like some of the benefits enjoyed by large corporations, but do not want to be taxed twice. You have four partners who will be shareholders. None of you plan to sell your ownership shares to the public, but do not want to be protected from business liabilities. Which legal structure should you set up for your business? 
 
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