Question
Picture if you will two sisters that want to start a business together. Sister A brings to the table technical knowledge and contacts with potential
Picture if you will two sisters that want to start a business together. Sister "A" brings to the table technical knowledge and contacts with potential customers. Sister "B" brings to the table the physical facilities to make the product and the cash required to get their business of the ground. Based solely on this information, would you recommend the sisters start a general partnership or a traditional C-Corp together, and why?
No other options are available to you for purposes of this question. LLCs, LLPs, S-Corps etc. don't count, and don't ignore this requirement
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started