22. Malcolm operates "Serenity Travels", a sole proprietorship. To raise capital, Malcolm contacts Inars who has a lot of money and is willing to invest in his business. If Malcolm wants to make Inara an oan but wants to keep all of the management duties for himself, the best type of business entity to form would be a: a. General Partnership. b. Limited Partnership. c. Limited Liability Company d. Corporation

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter1: Introduction And Goals Of The Firm
Section: Chapter Questions
Problem 5E
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22 Malsolm operates "Serenity Travels", a sole proprietorship. To raise capital, Malcolm contacts Insn
ho has a lot of money and is willing to invest in his business. If Malcolm wants to make Inara an ouner
but wants to kecep all of the management duties for himself, the best type of business entity to form would
be a:
a. General Partnership.
b. Limited Partnership.
c. Limited Liability Company
d. Corporation
Transcribed Image Text:22 Malsolm operates "Serenity Travels", a sole proprietorship. To raise capital, Malcolm contacts Insn ho has a lot of money and is willing to invest in his business. If Malcolm wants to make Inara an ouner but wants to kecep all of the management duties for himself, the best type of business entity to form would be a: a. General Partnership. b. Limited Partnership. c. Limited Liability Company d. Corporation
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