Huong is opening an international food store. Though her products will span the

Question

Huong is opening an international food store. Though her products will span the globe, she wants to focus on items from the Middle East. She wants to be the firm's only general partner, but she is trying to get several friends to participate as limited partners. It's apparent Huong wants to

Multiple Choice

limit her personal liability to the amount she personally invests in the company.

keep all of the firm's profits.

obtain a strong financial base for the firm while maintaining personal control over the firm's management.

meet the legal requirements of the Uniform Partnership Act.

Explanation / Answer

SINCE IT IS NOT MENTIONED IM ASSUMING THAT THE QUESTION IS A MULTIPLE CHOICE QUESTION

AND BY MY ANSWER IS

C) OBTAIN A STRONG FINANCIAL BASE FOR THE FIRM WHILE MAINTAINING PERSONAL CONTROL OVER THE FIRMS MANAGEMENT

AS THIS WOULD MEAN SHE HAD ENOUGH RESOURCES TO EXPAND AND STILL ABLE TO MAINTAIN CONTROL OVER THE COMPANY

NOTE : PLEASE DO RATE THE ANSWER

Related Questions

Navigate

• Browse (All)
• Browse H
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.