Carroll, Daniels, and Elmore organized their veterinary practice as a professional corporation. This organization of professionals will be treated as a partnership for liability purposes.

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Kristin Stone · Accepted Answer

Final Answer : False, Explanation :  A professional corporation is a specific type of corporation for professionals, where the corporation itself, rather than the individual members, generally assumes liability for the business's debts and obligations, differing from a partnership where partners can be personally liable.

Carroll, Daniels, and Elmore organized their veterinary practice as a professional corporation. This organization of professionals will be treated as a partnership for liability purposes.

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