Unit 1: |1.| inquire: |Cheers Inc. operates as a partnership. straight the partners have decided to transmute the business into a | | | |corporation. Which of the pursuance statements is CORRECT? | | |Your Answer: |        | | | |[pic] | | | |a. Cheers shareholders (the ex-partners) exit now be exposed to less liability. | | | | | | | |   CORRECT | | | | | | | |        | | | |[pic] | | | |b. Cheers lead now be undecided to fewer regulations.
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