Question

Which of the following statements describes your opportunity cost entering into a sole proprietorship instead of a limited partnership?

Opening a business by yourself means you control all the profit.


Having a sole proprietorship means that you are responsible for any debt the company acquires


Entering into a partnership means that you need to get someone else is approval to make decisions


A limited partnership offers the opportunity to have more startup capital when creating the business

Answer 1

A limited partnership offers the opportunity to have more startup capital when creating the business.