Question

Unanswered 0/5 pts Question 4 Although Lew Banfilter, now a young attorney, is impressed with AutoMotion and believes it could be a place to invest money, he informed Jenna that his professional position at a law firm prevents him from taking an active role in the business. He is also concerned about accepting more risk since he has a young family. He mentioned a preference for minimizing his liability if were to become associated with the venture. If Lew joined Jenna and Al, the three might consider forming a(n): General Partnership O Joint Tenants OLimited Partnership O Master Proprietorship

Answer 1

Answer : OPTION C ( Limited partnership)

A limited partner invests in the business and shares in the profits, but has limited liability and does not take an active role in the management of the company. This type of arrangement would meet Lew's goals of investing with minimizing his liability.

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