BU342 Homework Week 3.docx - BU342 Homework Week 3 Kristin...

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BU342 Homework Week 3 Kristin McCourtney Page 600 Question 10 A. With Thompson’s knowledge and Allenby’s capital, a general partnership would be their best option. This partnership is an association of two persons to carry on a business and share profits and losses. B. A corporation would be their best option because they need it is the easiest method to raise the capital needed while control can be vested in those with a minority of the investment. These investors would have limited liability so Thompson and Allenby would be able to maintain control while receiving investments. C. A limited partnership would be most advantageous due to the dangerous nature. With a limited partnership, the partners are limited only to the amount of capital contributed at the time of creation of the partnership. D. A franchise would be their most advantageous so that they are able to sell nationally and pay taxes and cross stateliness with no issues.
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