Law High School

An entrepreneur wants to start a new business. He wants to split the costs
and the risks with another person, but not with a large group. Which type of
business would best suit his needs?
A. Sole proprietorship
B. Corporation
C. Limited liability company
D. Partnership
SUBMIT

Answers

Answer 1

Answer:

Partnership

Explanation:

Answer 2

The type of business that would best suit the needs of the entrepreneur is Partnership. Thus, option (D) is correct.

What is Partnership?

The partnership refers to the association of the two or the more partner working together in the business in order to achievement their business goals. The goal of the every partner is to maximize its profits.

It is a kind of the business which is done for the mutual interest of the partners. In the Partnership kind of the business, every partner enjoys the unlimited liability.

The cost, liabilities and profits are spited between all the partners of the Partnership businesses. In this way, the entrepreneur need to make the large group and share its profits with many people.

Therefore, it can be concluded that option (D) is correct.

Learn more about partnership here:

https://brainly.com/question/12037210

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