Multiple Choice
You and four friends are opening a studio to create new Xbox games. You hope to raise $500,000 early on by selling equity in the business. You'll then reinvest profits back into the business to drive growth and minimize taxes. Within five years, you hope to sell the majority of the business to an angel investor or venture capital firm. Which form of business best fits your needs?
A) sole proprietorship
B) partnership
C) corporation
D) pass-through proprietorship
Correct Answer:
Verified
Correct Answer:
Verified
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