Although Lew Banfilter,now a young attorney is impressed with AutoMotion and believes it could be a place to invest money,he informed Jenna 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 has a young family.He mentioned a preference for unlimited liability.If Lew joined Jenna and Al,the three might consider forming an):
A)Limited partnership.
B)General partnership.
C)Sole proprietorship.
D)Master Limited Partnership.

Question

Quizplus · Accepted Answer

A limited partnership allows for one or more partners (in this case, Jenna and Al) to have unlimited liability while the others (Lew) have limited liability. This would allow Lew to invest in the business without taking on too much risk and without having an active role in the business due to his professional position at a law firm.

Although Lew Banfilter,now a Young Attorney Is Impressed with AutoMotion