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Sole Proprietorships, General Partnerships, Limited Partnerships and Limited Liability Partnerships Jason is a very talented bicycle mechanic who has always dreamed of opening his own
Sole Proprietorships, General Partnerships, Limited Partnerships and Limited Liability Partnerships
Jason is a very talented bicycle mechanic who has always dreamed of opening his own bike repair shop. Unfortunately, Jason is having trouble saving up the funds to get the business off the ground. His very good friend Chris thinks that the business could work. Chris is a savvy businessman who knows a bit about bikes, and has some capital that he could invest. However, he has his doubts about Jasons work ethic and currently has a good paying, fulltime job that he would be reluctant to quit. Chris has another friend, Andy, who has piles of money and is looking for investment opportunities. Andy has never met Jason; to complicate matters, hes a client of Chris and so Chris is unsure how much involvement he would like Andy to have.
What kind of business would you recommend that they set up Why?
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