Question: Ann recently inherited $ 5 0 , 0 0 0 and has decided to use the money to open a muffin shop. She asked her
Ann recently inherited $ and has decided to use the money to open a muffin shop. She asked her friend Jerry if he would be interested in going into the venture with her. He said, I dont have any money to invest with you, but I would be willing to work in the store and use my show business connections to bring in customers.
Ann would like to take Jerry up on his offer. What is the type of entity you would recommend she open? In detail, explain why. Additionally, explain why you did not recommend the other entity types that exist.
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