Clint is very fond in cooking and has a taste and skill of a chef. He would like to go into a restaurant business for himself but he needs some money to get started. With that, his parents offer to help him get his feet on The ground and start his own business. They agree to invest in his business; however, they don't want to be involved in any part of the business, they are just helping their son. Clint asks for your advice on how to organize his business. What business form would suit best to Clint needs? Why? What are the advantages of this business form?

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Subject: Business

41-50.
Clint is very fond in cooking and has a taste and skill of a chef. He would like to go into a restaurant business for
himself but he needs some money to get started. With that, his parents offer to help him get his feet on the
ground and start his own business. They agree to invest in his business; however, they don't want to be invoOve
in any part of the business, they are just helping their son. Clint asks for your advice on how to organize His
business. What business form would suit best to Clint needs? Why? What are the advantages of this business
form?
Transcribed Image Text:41-50. Clint is very fond in cooking and has a taste and skill of a chef. He would like to go into a restaurant business for himself but he needs some money to get started. With that, his parents offer to help him get his feet on the ground and start his own business. They agree to invest in his business; however, they don't want to be invoOve in any part of the business, they are just helping their son. Clint asks for your advice on how to organize His business. What business form would suit best to Clint needs? Why? What are the advantages of this business form?
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