Bill, a local inventor, developed a diet pill that he believes will so

Bill, a local inventor, developed a diet pill that he believes will solve the obesity problem in the
United States. Bill wants to create a new company, 50% owned by Bill and 50% owned by a major
drug company.

Although he believes the pills are safe, Bill is concerned about liability if someone
becomes sick or dies. The best form of business organization for the new company is
A) limited liability company with Bill and the drug company owning equal shares.
B) general partnership with Bill and the drug company as equal partners.
C) sole proprietorship with Bill as owner and the drug company as creditor.
D) S-type corporation with Bill and the drug company owning equal shares.

ANSWER

A