Question
After his movie debut with Easter, Jo wants to make movies and quit stand-up comedy. Jo nevertheless needs capital to do so. At Thanksgiving, he
After his movie debut with Easter, Jo wants to make movies and quit stand-up comedy. Jo nevertheless needs capital to do so. At Thanksgiving, he made a presentation to his large extended family, asking them to invest in his movie business. He told them, "I will run the business and make the movies. You don't have to do anything but sit back and relax, and if I make a profit, you'll share in it."
What type of business was Mr. Jo likely proposing?
Group of answer choices
A. limited liability company
B. general partnership
C. limited partnership
D. franchise
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