8. Briefly explain two reasons for carrying on a business in the following form: a. A partnership [LO 10.4] b. A corporation [LO 10.5] c. A sole proprietorship [LO 10.2]
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![8.
Briefly explain two reasons for carrying on a business in the following form:
a. A partnership [LO 10.4]
b. A corporation [LO 10.5]
c. A sole proprietorship [LO 10.2]
9. Discuss what joint and several liability in a partnership means and what steps you might take to limit
the partners' exposure to risk. [LO 10.4]
10. What is the duty owed by directors and officers to the corporation, and briefly describe a
situation that would illustrate it? [LO 10.6]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5a86f400-c39c-466d-a1a0-e0915698d2a2%2Fb5e659bf-4209-449c-8073-6a131f179710%2Fd78ip1s_processed.png&w=3840&q=75)
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