Mrs Fatima and Mrs Ream are good friends. They are planning to start a beauty business in Ibri. Each invested 2,000 OMR in the business and agreed to share the profits and losses equally. Now they need more capital so, they invited Mrs Khaloud to invest 2,000 OMR as capital. Which of the following business forms will be most suitable for them? O a Corporation O b. Sole proprietorship None of the options O d. Partnership

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Mrs Fatima and Mrs Ream are good friends. They are planning to start a beauty business in Ibri. Each invested 2,000 OMR in the business
and agreed to share the profits and losses equally. Now they need more capital so, they invited Mrs Khaloud to invest 2,000 OMR as
capital. Which of the following business forms will be most suitable for them?
O a. Corporation
O b. Sole proprietorship
None of the options
O d. Partnership
Transcribed Image Text:Mrs Fatima and Mrs Ream are good friends. They are planning to start a beauty business in Ibri. Each invested 2,000 OMR in the business and agreed to share the profits and losses equally. Now they need more capital so, they invited Mrs Khaloud to invest 2,000 OMR as capital. Which of the following business forms will be most suitable for them? O a. Corporation O b. Sole proprietorship None of the options O d. Partnership
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