Kailey, Ross,an Corrine want to start a Vegan Ice Cream Company.Corrine and Ross will put in...
Kailey, Ross,an Corrine want to start a Vegan Ice Cream Company.Corrine and Ross will put in money but will not help at all in the management. They don't want any personal liability. Kailey will not put in money , but will run the business. they will split losses and profits equally.
What would be a good business structure for them . Why?
Homework Answers
Answer : As per condition given in the problem, the kailey, Ross will started partnership business .As it is good business structure because there are limited liability and funds has been collected from two and skill should be applied by one partners. Profit and losses should be shared equally.They have limited liability and higher profitability sharing power.
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