Although Lou Banfilter, now a young attorney, is impressed with Car Keepers and believes it could be a good investment, he told Genna that his professional position at a law firm prevents him from taking an active role in the business. He is also concerned about accepting more risk since he and his wife are expecting a child. He mentioned a preference for limited liability. If Lou joined Genna and Al, the three might consider forming a
A) limited partnership.
B) general partnership.
C) sole proprietorship.
D) master limited partnership.
Correct Answer:
Verified
Q318: The Sandwich Emporium, Inc. sells the rights
Q319: Enok, a prospective franchise owner, is looking
Q320: Which of the following is an advantage
Q321: Some _ ask members/customers to work at
Q322: A distinguishing feature of a cooperative is
Q324: Genna approached Al Ternator about joining the
Q325: What is a C corporation? What are
Q326: What is the difference between a general
Q327: How does a limited liability company (LLC)
Q328: The purpose of a farm cooperative is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents