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neonofarm [45]
3 years ago
15

Farrick and Kenley want to form a business in which they invest money in exchange for stock ownership in their organization. Wha

t type of business entity do they wish to form
Business
1 answer:
Svetradugi [14.3K]3 years ago
8 0

Answer:

Limited liability company

Explanation:

In simple words, A limited liability corporation (LLC) is a type of private company structure. It's among the most frequent legal structures for forming a company. In a comprehensive partnerships all members are accountable for the firm and have unlimited accountability for its obligations.

Thus the limited liability structure is most suitable for the two.

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3 years ago
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3 years ago
Mrs. Smith operates a business in a competitive market. The current market price is $8.10. At her profit-maximizing level of pro
Luba_88 [7]

Answer:

Mrs Smith either shut down the business or invest in efficient equipements that lowers the total cost to below $7

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