Question

Heather is seeking to start a business. She is concerned with having enough money to start the business, even after taking a loan from the bank. She is willing to take on partners but she still wants to have control over most aspects of the company. Which form of business organization would be best to set up?

A) franchise
B) corporation
C) partnership
D) sole proprietorship

Answer 1

Corporation

Step-by-step explanation:

Heather wants to protect her assets. The best way to do this is to set up a corporation. Under this form of business ownership, she will share ownership with others and limit her liability for any damages

Answer 2

I'd say C) partnership.
If she becomes A) a franchisee, she'll have to abide by all the rules of the franchisor, and will have very little control over any company aspects.
Corporations are usually large, and wouldn't be a good choice if she's concerned about money (many businesses start out as sole proprietorships/partnerships and later become corporations when they're more successful).
With a partnership, her partner can aid her financially in starting the company, and control can be arranged with them.
A sole proprietorship wouldn't be a good idea if she's concerned about not having enough money.