Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

on 11 Bill, a local inventor, developed a diet pill that he believes will solve the obesity problem in the United States. Bill wants to

image text in transcribed
on 11 Bill, a local inventor, developed a diet pill that he believes will solve the obesity problem in the United States. Bill wants to create a new company, 50% owned by Bill and 50% owned by a ajor drug company. Although he believes the pills are safe, Bill is concerned about liability if someone becomes sick or dies. The best form of business organization for the new company is ed out of question Select one: a. S-type corporation with Bill and the drug company owning equal shares b. limited liability company with Bill and the drug company owning equal shares C. sole proprietorship with Bill as owner and the drug company as creditor d. general partnership with Bill and the drug company as equal partners

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

Step: 3

blur-text-image

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

Handbook Of Safeguarding Global Financial Stability Political Social Cultural And Economic Theories And Models

Authors: Gerard Caprio

1st Edition

0123978750, 0123978785, 9780123978752, 9780123978783

More Books

Students also viewed these Finance questions