Question

Erick and Jacob are college graduates who want to open an accounting firm. However, Erick has a fulltime

position that he plans to continue but still wants to be a part of this business venture. Which form of
business ownership would you recommend to Erick and Jacob?

Answer 1

A partnership would be the recommended form of business ownership for Erick and Jacob.

Step-by-step explanation:

In this scenario, the most suitable form of business ownership for Erick and Jacob would be a partnership. A partnership is a business structure that allows two or more individuals to share ownership and responsibility for the business. Erick can continue his full-time position while still being involved in the accounting firm as a partner, sharing the profits and decision-making with Jacob.