Thom Georges Wants to Open a Store to Sell Antique

question 126

Multiple Choice

Thom Georges wants to open a store to sell antique architectural features that he can salvage from old houses being torn down. He has invited his parents to invest $40,000 in the enterprise. He has told them that if they do invest, they would have liabilities in the company equal to but no greater than their investment. Georges is trying to get them to form which of the following?

• A) limited partnership
• B) joint venture
• C) cooperative
• D) general partnership

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