Ask Question
14 March, 03:30

Root and Vine is a gardening collective and local delivery service started by two friends. Their clientele has grown, and they want to expand. The owners like the idea of protecting their personal property, but they want to maintain control of the business. Which type of organization might best suit their growth?

Sole proprietorship

Partnership

Limited liability company

Corporation

+3
Answers (1)
  1. 14 March, 06:54
    0
    When they want to protect their personal property, they may want to try out a limited liability company. By making it a limited liability company, they may choose to become limited partners and not have their personal property at risk. However, they have to find other partners who are willing to participate in the business as general partners. It is only the general partners who will have their property at risk when the company closes down so they have to make sure to get general partners.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Root and Vine is a gardening collective and local delivery service started by two friends. Their clientele has grown, and they want to ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers