Question
Green desires to form a new company to manufacture lawn mowers. Green is concerned about having his personal assets exposed to liability for the new
Green desires to form a new company to manufacture lawn mowers. Green is concerned about having his personal assets exposed to liability for the new companys contracts and torts. Furthermore, he wants to retain control over the companys operations and growth for the next few years. He will need an infusion of equity capital to begin operations. He hopes to take the company public in about five years if it is advantageous to do so at the time. Which of the following types of business associations would be best for Greens new company? (A) Corporation (B) General partnership (C) Limited partnership (D) Member-managed limited-liability company
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