Renata and Danuta would like to form a business providing take-out meals to homebound destitute residents of Las Vegas. The meals would be ordered from a menu provided by their company and prepared and delivered by Renata and Danuta. They hope to eventually have their business become international in scope. They will need to raise $100,000 to get their business running and will eventually have much greater capital needs. From the following choices, select the best form of business Renata and Danuta could adopt?
A. Nonprofit corporation
B. Limited-liability company
C. Syndicate
D. Joint venture
Answer: A
You might also like to view...
When engaging in self-leadership stratgies, there is a process of self-influence strategies that include which of the following?
a. Behavioral strategies b. Cognitive strategies c. Behavioral and cognitive strategies d. Personality strategies
When the cost of a short-term held-to-maturity debt security is different from the maturity value, the difference is amortized over the remaining life of the security.
Answer the following statement true (T) or false (F)
"Material information" in an SEC disclosure is defined to mean the management structure of an issuer of securities
a. True b. False Indicate whether the statement is true or false
Truth in lending refers to the requirement that creditors:
a. must disclose all relevant terms in credit transactions b. must not use sex or race to determine a person's creditworthiness c. must not use abusive debt collection techniques d. all of the other specific choices are correct e. none of the other specific choices are correct