Brian wants to start a business that provides canoe and kayak trips.He decides that it would be better to ask his brother Brad to become his partner because
A) one person could not possibly run this type of business.
B) Brian will receive all of the profits from the partnership.
C) together they will be able to get more capital and credit to start the business.
D) the business will pay less taxes than it would as a sole trader.
E) there are generally fewer control issues in a partnership than in a sole trader.

Question

Quizplus · Accepted Answer

By having a partner, Brian will be able to combine resources and have access to more capital and credit to start the business. This can help the business to grow and expand more quickly than if Brian were to do it alone. Additionally, having a partner can provide different perspectives and skills that may be beneficial to the business.

Brian Wants to Start a Business That Provides Canoe and Kayak