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Which form of business ownership is best suited for raising large amounts of cap
Practice Questions
Q1
Which form of business ownership is best suited for raising large amounts of capital?
Sole Proprietorship
Partnership
Corporation
Limited Liability Company
Questions & Step-by-Step Solutions
Which form of business ownership is best suited for raising large amounts of capital?
Steps
Concepts
Step 1: Understand what raising capital means. It refers to the process of obtaining funds to start or grow a business.
Step 2: Learn about different forms of business ownership, such as sole proprietorships, partnerships, and corporations.
Step 3: Recognize that corporations can sell shares of stock to the public to raise money.
Step 4: Realize that selling stock allows corporations to gather large amounts of money from many investors.
Step 5: Compare this to other forms of business ownership, which may have limitations on how much money they can raise.
No concepts available.
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