Marc wants to help his friend Alexei start a business, but he doesn't want to leave his current job and devote all his time to the new business. Marc is willing to contribute money and give advice in return for a share of the profits. Which type of business ownership would be best for Marc?

Question

Quizplus · Accepted Answer

In a limited partnership, Marc can contribute capital and share in the profits without being involved in the day-to-day operations, which aligns with his desire to not leave his current job.

Marc Wants to Help His Friend Alexei Start a Business