Elias and his rich friends want to purchase a professional baseball team and need to raise a large amount of money in a short time. Which of the following forms of business organization is often used in Elias' situation?

Question

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Syndicates are often used for pooling resources to undertake large projects or investments that require a substantial amount of capital, such as purchasing a professional sports team. This form of business organization allows individuals or entities to share in the investment, risks, and rewards.

Elias and His Rich Friends Want to Purchase a Professional