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You and four friends are investing $10,000 each to start a business. To keep things even, you will all own 20% of the business and
You and four friends are investing $10,000 each to start a business. To keep things even, you will all own 20% of the business and will contribute 20% of the work required to make the business successful. If the business makes a profit, you'll each get 20%. However, you all agree that the business must provide liability protection. Which form of business best meets your needs?
a)joint venture
b)corporation
c)partnership
d)sole proprietorship
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