Dr. Ruiz shares equal responsibility and liability with her colleagues in their small business, which is a medical practice. Her business is a ________.

A. Limited Partnership
B. General Partnership
C. Closely held corporation
D. Publicly held corporation

Dr. Ruiz shares equal responsibility and liability with her colleagues in their small business, which is a medical practice. Her business is a general partnership. Compared to limited partnership, general partnership have unlimited liability and that general partners are liable to their partnership's obligations. The answer would be letter B.

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Dr. Ruiz shares equal responsibility and liability with her colleagues in their small business, which is a medical practice. Her business is a ________. A. Limited Partnership B. General Partnership C. Closely held corporation D. Publicly held corporation

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Dr. Ruiz shares equal responsibility and liability with her colleagues in their small business, which is a medical practice. Her business is a ________.

A. Limited Partnership
B. General Partnership
C. Closely held corporation
D. Publicly held corporation