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Hi sir! Would you please answer my question?
A business entity is owned and run by Alfa Beta Gamma
what type of business is this an example of?
A)Sole trader
B)Partnership
C)LLC
D) None of the aboveWhy is the answer partnership, is not LLC?
If it was a limited liability company then it would not be run by the owners – the owners would appoint directors to run the business.
However, I don’t know where you found this question, but it is not very well worded 🙂
I assume you are watching my free lectures for Paper F3? They are a complete free course and cover everything needed to be able to pass the exam well.
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