Friedo and miriam meet at a start-your-own business workshop. they would both like to open a bookstore. while they have start-up capital, they are worried about the risk to their personal property. which of the following would most likely be the best business choice for each of them?
a. sole proprietorship
b. partnership
c. limited liability company
d. corporation

c. Limited liability company

Explanation:

Friedo and Miriam should partner and form as limited liability company. A limited liability company is the best choice for them because of the following reasons.

They both have start-up capital and have the same business idea.

A limited liability company is a separate legal entity that can own property and incur liability. As directors of the company, Friedo and Miriam will not be personally liable for the debts of the company.

Should the company fail in meeting its obligations, Friedo and Miriam will only be liable to the extent of their share contributions. Meaning their personal properties will not be involved.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.