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 proprietorship.
E) there are generally fewer control issues in a partnership than in a sole proprietorship.

Question

Quizplus · Accepted Answer

Starting a business requires a significant amount of capital and credit. By bringing in a partner, Brian can pool resources and increase their chances of securing the necessary funds. This is especially important for a business like canoe and kayak trips, which likely requires investments in equipment and facilities. Additionally, by sharing the workload and responsibilities, Brian and Brad can focus on their individual strengths and potentially build a stronger business together.

Brian Wants to Start a Business That Provides Canoe and Kayak