Larry is willing to invest a significant amount of money in the business and wants to work with you on a day-to-day basis in the operations of the business. If you choose to go into business with him, which form of non-corporate business ownership would be best suited for the business?

Question

Business

Marques Hensley

30 May, 08:15

Larry is willing to invest a significant amount of money in the business and wants to work with you on a day-to-day basis in the operations of the business. If you choose to go into business with him, which form of non-corporate business ownership would be best suited for the business?

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Answers (1)

Know the Answer?

Nehemiah · Answer 1

The correct answer is: General partnership.

Explanation:

A General partnership is an organization where two or more owners operate the business. General partners usually share management duties profits and losses equally regardless of their partnership interest percentage. However, each partner ultimately has unlimited liability.