Question

Josh has been asked to be a part of a new business venture that develops wind energy technologies. since the business involves high risk, he does not want to be held completely liable for the firm's debts if the project fails. in this case, josh is most likely to prefer to participate as a(n): member of a cooperative. limited partner. general partner. owner of an s corporation. sole proprietor.

Answer 1

John would want to be the member as a limited partner. This would allow him to be an owner of the company and provide leadership (and also receive earnings) without being liable for the firm's debts. A limited liability corporation (LLC) allows for the owners to not be responsible for the debts of the firm.