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She has a large amount of capital but does not yet have any partners who can invest or effectively manage the business.Neither a limited or general partner would be a good choice.General partner in a limited partnership.
Limited partner in a limited partnership.1.Which of the following roles best fits the situation?Kevin wants to create a business but is not sure what role is best for him. He has capital to invest. He has several partners with which he can begin a business. He has the most management experience of all his potential partners.Limited partner in a limited partnership.General partner in a limited partnership.Neither a limited or general partner would be a good choice.1.What role best fits the following situation?Manny wants to be involved in a business but is not sure which type of business to join or create.He has capital to invest. He has a good network of potential investors and partners. He has no experience in management.General partner in a limited partnership.Neither a limited or general partner would be a good choice.Limited partner in a limited partnership.1.Which description that properly completes this prompt?Hal organized his business in Canada. Most of his customers are in Montana. In Montana, Hal’s business would be considered a(n) __________ corporation.ProfessionalAlienClosely-heldSubchapter SDomestic1.Which description that properly completes this prompt?Lenny organized his business in Delaware. He has customers in Delaware, other states in the U.S., and in foreign countries. Lenny’s business is __________ in Delaware.AlienClosely-heldSubchapter SProfessionalDomestic1.Which description that properly completes this prompt?Zoey is the CEO of a corporation she organized herself with 15 shareholders. The company operates in several states, as well as outside of the U.S. Her business consists mostly of training services for in-home medical care personnel. Her company would be a __________ corporation.DomesticClosely-heldSubchapter SAlienProfessional1.Which description that properly completes this prompt?
Piper is a manager in a corporation that was organized in Canada by one of his former coworkers. The company provides consulting services and training for architects employed by construction companies. The company recently went public, with shares being sold to about 500 investors. Piper’s company would be a __________ corporation.Subchapter SProfessionalDomesticAlienClosely-held1.Which description that properly completes this prompt?