Cosmopolitan Consulting Has Five Consultants In The Firm The Company S Annual Re

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 Cosmopolitan Consulting has five consultants in the firm. The company’s annual revenue is approximately $500,000. The company’s income is distributed equally among all five consultants. Each owner is personally liable for claims against the business if the firm’s assets are insufficient to settle the debt.

This is an example of:

A corporation

A proprietorship

A partnership

An LLP/LLC