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ICA Module 2 Test Questions and Answers | 2026 Update | 100% Correct.
NewWhich of the following is a real company legal structure? 
B corporation 
limited liability company (LLC) 
double proprietor 
bi-lateral partnership - ️️limited liability company (LLC) 
A sole proprietor: 
has no separation of liability if a claim is filed against you 
is more complicated for taxes 
is expensive to set up 
is the most complicated form of business legal structure - ️️has no separation of 
liability if a claim is filed against you 
A typical general liability insurance pol...