Lebron,Michael,Nolan,and O'Neill combine to buy a professional basketball franchise. Their selected form of business organization is an investment group,which is also known as

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A syndicate is a temporary investment group formed by individuals or organizations to finance a particular project or business venture, such as buying a professional basketball franchise. Each member contributes capital and shares in the profits or losses of the project. Therefore, a syndicate is the most appropriate form of business organization for Lebron, Michael, Nolan, and O'Neill to buy a professional basketball franchise.

Lebron,Michael,Nolan,and O'Neill Combine to Buy a Professional Basketball Franchise