Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Answer the following questions by clicking on the answer cells and selecting true or false. Santi has an idea for a business. He prefers to

Answer the following questions by clicking on the answer cells and selecting "true" or "false."

Santi has an idea for a business. He prefers to keep ownership and control in his own hands but is worried about the personal liability that might go with forming a sole proprietorship. Santi should choose an LLC over a general partnership.

5. Assume Santi chooses to form an LLC and soon learns that his skills as an inventor are going unused because he is so busy trying to run the business. Santi would like to focus on his inventing and put someone else in charge of running the business.If Santi appoints someone else to run the business, he must make that person a co-owner.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurship Successfully Launching New Ventures

Authors: Bruce R. Barringer, R. Duane Ireland

4th Edition

0132555522, 978-0132555524

More Books

Students also viewed these Law questions