Sam,Alfredo,and Juan Want to Start a Small U

question 13

Multiple Choice

Sam,Alfredo,and Juan want to start a small U.S.business.Juan will fund the venture but wants to limit his liability to his initial investment and has no interest in the daily operations.Sam will contribute his full efforts on a daily basis but has limited funds to invest in the business.Alfredo will be involved as an active consultant and manager and will also contribute funds.Sam and Alfredo are willing to accept liability for the firm's debts as they feel they have nothing to lose by doing so.All three individuals will share in the firm's profits and wish to keep the initial organizational costs of the business to a minimum.Which form of business entity should these individuals adopt?

• A)sole proprietorship
• B)joint stock company
• C)limited partnership
• D)general partnership
• E)corporation

---

Definitions:

News Center

A dedicated platform or department within an organization that focuses on the gathering, processing, and dissemination of news.

Crisis

A time of intense difficulty, trouble, or danger, often requiring immediate action or decision-making.

Contact Information

Details provided to facilitate communication, such as phone numbers, email addresses, and physical addresses.

Termination Messages

Communications designed to inform an employee that their employment is being ended, typically including details on the reasons and any next steps.