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Unformatted text preview: investment and no personal assets. Jim liked both Joint Stock and Limited Liability but felt if he would have partners why not offer it to his friends. Jim looked into a Partnership which includes successful professionals buying jointly into a business. In this scenario the business is owned privately where the investors control the decisions of the business and split any profits equally based upon their share of the business. Jim liked this scenario but still didnt like having to share decision making amongst the investors. Finally Jim looked into a Sole Proprietorship. In this situation Jim would have sole control over decision making and he would reap all the benefits of profits. The only drawback Jim sees is he would have to use his own capital to start the business and endure all the risk. Jim was okay with this situation because he felt the benefits far outweigh the drawbacks....
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This note was uploaded on 08/21/2011 for the course BUS 101 taught by Professor Doe during the Spring '10 term at University of Phoenix.
- Spring '10
- Decision Making