Which of the following strategies would not be suitable for an entrepreneur who wants to surrender control of the company gradually?
A) Forming a family limited partnership
B) Restructuring the company
C) Straight business sale
D) Using a two-step sale

Question

Quizplus · Accepted Answer

Straight business sale means selling the entire business at once, which would not be suitable for an entrepreneur who wants to surrender control gradually. The other options allow for a gradual transfer of control. A family limited partnership involves transferring ownership to family members while retaining control, restructuring allows for the reorganization of the business structure to facilitate the transfer of control, and a two-step sale involves selling a portion of the business initially and gradually transferring the remaining equity.

Which of the Following Strategies Would Not Be Suitable for an Entrepreneur