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| Abbey brought in two friends, Burton and Chase, to mass produce and sell posters of Europe throughout the United States. They started the business in Miami where Burton and Chase each put in an initial capital contribution of $160,000 each. Abbey put in $10,000. They are not looking for any outside capital because they have ways to obtain any additional capital they may need. They each will manage the business. Which form of business organization should they form? A. A limited partnership with all three being protected as limited partners. B. A corporation. C. A limited partnership with Burton and Chase as the limited partners to protect their larger investments. D. A general partnership. |