Answer to Question #41685 in Economics of Enterprise for litekiah green

Question #41685
Paul and his friend Tori make decorative art out of silver spoons. They want to start a business that they can easily dissolve when they move on to their next project. Which of these will suit their needs best? Corporation Limited liability corporation Partnership Sole proprietorship
Expert's answer
The best form is partnership. It gives the highest level of freedom to Paul and his friend. They can easily dissolve the business when they move on to their next project if it is organized in partnership form. Corporation is too difficult scheme for such small business and the same as limited liability corporation has some restrictions and rules as for the amount of initial investment capital.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question

New on Blog