Ray, Sully, and Toma form a syndicate to buy a professional football team. This syndicate could be set up as

Question

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The syndicate could be set up as either a corporation or a partnership. A corporation would provide limited liability for the investors, while a partnership would allow for flexibility in control and management of the team. Both options would allow for the pooling of resources and shared ownership of the team. Option A is incorrect because a corporation is not the only option. Option C is incorrect because a partnership is not the only option. Option D is incorrect because the syndicate would need to be structured as either a corporation or a partnership.

Ray, Sully, and Toma Form a Syndicate to Buy a Professional