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| Harry, Betty and Jim decide to form a hair salon business. Betty and Jim agree to equally amnage the business and have agreed to accept full personal liability for obligations of the business. Harry contributes money to help them get started. Harry does not want any personal liability but does want access to the books and recordes and to share in the profits. They have all agreed that unanimous consent is needed to transfer their ownership interests. Assume any necessary filings have been made what tye of business entity best reflects the terms of their agreement? A. General partnership. B. Limited partnership. C. Limited liability company D. Corporation |
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