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. Tuan and Ella are going to establish a business. They expect the business to...

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Accounting

. Tuan and Ella are going to establish a business. They expect the business to be very successful in the long run, but project losses of approximately $100,000 for each of the first five years. Due to potential environmental concerns, limited liability is a requisite for the owners. Which form of business entity should they select?

  1. General partnership.
  2. Limited partnership.
  3. C corporation.
  4. S corporation.

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