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Brian Wants to Start a Business That Provides Canoe and Kayak

Question 73

Multiple Choice

Brian wants to start a business that provides canoe and kayak trips. He decides that it would be better to ask his brother Brad to become his partner because


A) one person could not possibly run this type of business.
B) Brian will receive all of the profits from the partnership.
C) together they will be able to get more capital and credit to start the business.
D) the business will pay less taxes than it would as a sole proprietorship.
E) there are generally fewer control issues in a partnership than in a sole proprietorship.

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