Will and Bill both encore sunshine, water, and surfboards. Thus the two friends decided to create a business together renting surfboards, paddle boats, ad inflatable devices in CA. Will and Bill will equally share in the decision making and in the business profits or losses. Which type of business did they create if they both have full personal liability for the firm's debts?

Will and Bill both encore sunshine, water, and surfboards. Thus the two friends decided to create a business together renting surfboards, paddle boats, ad inflatable devices in CA. Will and Bill will equally share in the decision making and in the business profits or losses. Which type of business did they create if they both have full personal liability for the firm's debts?

Will and Bill both encore sunshine, water, and surfboards. Thus the two friends decided to create a business together renting surfboards, paddle boats, ad inflatable devices in CA. Will and Bill will equally share in the decision making and in the business profits or losses. Which type of business did they create if they both have full personal liability for the firm's debts?



A. sole proprietorship

B. limited partnership

C. corporation

D. joint stock company

E. general partnership



Answer: E. general partnership


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