Unit 1: |1.| inquiry: |Cheers Inc. operates as a partnership. forthwith the partners have decided to diversify the business into a | | | |corporation. Which of the interestingness statements is CORRECT? | | |Your Answer: |        | | | |[pic] | | | |a. Cheers shareholders (the ex-partners) leave behind now be on the fence(p) to less liability. | | | | | | | |   CORRECT | | | | | | | |        | | | |[pic] | | | |b. Cheers will now be subject to fewer regulations.

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