Joseph wants to open up a skateboard shop with his cousin Billy. He would like for them to own and operate the shop equally. What kind of partnership should he form? A. Limited partnership B. General Partnership C. Financial Partnership D. Family Partnership
Added by Caleb F.
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This means that they will be working together and sharing the responsibilities and profits of the business. Show more…
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Franklin, John, Henry, and Harry have decided to pool their financial resources and business skills in order to open up and run a coffee shop. They will share any profits or losses that the business generates and will be personally responsible for making good on any debt that their business undertakes. Their business should be classified as a: a. Corporation. b. Sole proprictorship. c. Partnership. d. None of the above.
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Franklin, John, Henry, and Harry have decided to pool their financial resources and business skills in order to open up and run a coffee shop. They will share any profits or losses that the business generates and will be personally responsible for making good on any debt that their business undertakes. Their business should be classified as a: a. corporation. b. sole proprietorship. c. partnership. d. none of the above.
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