Sam and Nina want to start a dry-cleaning service and need to decide on the best form of business ownership, based on their respective abilities and the kind of business they want to run. They could either jointly own the business as a partnership, or one of them could own it as a sole proprietorship. Which of the following, if true, would weaken the case for Sam and Nina owning the business in a partnership?
A) Sam and Nina have different personalities.
B) Sam and Nina have known each other for many years.
C) Sam and Nina have conflicting ideas about what would make a dry-cleaning business succeed.
D) Nina is experienced in finance but not in equipment repair.
E) Sam is experienced in dry-cleaning but not skilled as an administrator.
Correct Answer:
Verified
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