Kayla and Mica have each operated their businesses for many years as independent sole traders. They now
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Question:
Kayla and Mica have each operated their businesses for many years as independent sole traders. They now wish to merge the businesses and operate together. They have listed three factors which are important to their decision about the form that the combined business should take
· They want to minimise publicity about the combined business’s profits
· They want to be equally involved in running the combined business
· They want the combined business to be able to employ staff
What is the best form for the continued business ?
A. A limited liability partnership
B. A general partnership
C. A public company
D. A private company
Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
Posted Date: