7 Evita works full time as a computer technician. Her friend, Lotus is developing a software package. Evita wants to form a business with Lotus. Evita wants a passive investment vehicle that would provide a share of any profits and a deduction of any losses against her employment income. She is only willing to risk losing her capital investment and has no time to devote to the operation. Which of the following forms of business would best meet Evita's needs? O a) limited partnership O b) general partnership O c) sole proprietorship Od) corporation

7 Evita works full time as a computer technician. Her friend, Lotus is developing a software package. Evita wants to form a business with Lotus. Evita wants a passive investment vehicle that would provide a share of any profits and a deduction of any losses against her employment income. She is only willing to risk losing her capital investment and has no time to devote to the operation. Which of the following forms of business would best meet Evita's needs? O a) limited partnership O b) general partnership O c) sole proprietorship Od) corporation

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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