Final answer:
A general partnership is best suited for an investment syndicate that wishes to share equally in managerial decisions, profits, and losses. It allows joint decision-making and each partner is taxed on their income share, unlike corporations or sole proprietorships which have different structures and tax implications.
Step-by-step explanation:
When selecting a business structure that allows all members to equally share in managerial decisions, profits, and losses, the general partnership is the most suitable option. In a general partnership, two or more individuals come together to own and operate a business. This business structure ensures that participants can collectively make decisions and share the responsibility of managing the business. Moreover, in a general partnership, each partner pays taxes on their portion of the income, and the business itself is not taxed separately.
The other options presented, such as a corporation, a limited partnership, or a sole proprietorship, do not provide the same level of joint decision-making or equal sharing of profits and losses among all members required by an investment syndicate. A corporation, for instance, would involve a more complex governance structure with shareholders, not all of whom may have direct management input, whereas a sole proprietorship involves only one person owning and running the business.