(Solved): Joe Keller and Ed Keller are brothers, and both are lawyers. They start a personal injury law firm. ...

Joe Keller and Ed Keller are brothers, and both are lawyers. They start a personal injury law firm. Over the course of six months, they lose financially, as the settlements reached were not large enough to cover their expenses. The business is in debt. Which is the most likely scenario regarding their debt? The Keller brothers probably formed a proprietorship, which means they have limited personal liability. The Keller brothers probably formed a partnership, which means they have limited personal liability. The Keller brothers probably formed a partnership, which means they have unlimited personal liability. The Kelfer brothers probably formed a corporation, which means they have unlimited personal liability.