Two or more businesses or individuals may join together temporarily for many business reasons including to perform a specific task. If they join together to raise a large amount of capital for that specific task, what type of organization have they created?

a. Syndicate

b. S corporation

c. Joint venture

d. Limited liability company

Syndicate

Explanation:

Syndicate means a self sustaining organization, company, group, business etc established so as to pursue or promote certain business growth or a common interest. Such organization is made up of people who desires to work together as a team to achieve common goals. An example of a syndicate occurs when certain people decides to come together and raise funds for a particular project.