George needs to figure out what kind of business he wants his dealership to be. he's looking to grow it quickly, but after looking through his total cost of ownership realizes he has nowhere near enough money. instead of taking out a loan, george is thinking about seeking the backing of several well-known investors and makes his company public on the stock market. unfortunately george couldn't take full credit for his business anymore and it's now treated as it's own "separate entity", but at least he would protected from losing his own personal assets in case something happens. there's also a ton of paperwork involved, which means george would have to increase his estimated total cost of ownership in order to hire a few more accountants. which type of business best fits george's current ideas? select one: a. sole proprietorship b. partnership c. corporation d. llc

Ann and jack have been partners for several years. their​ firm, a​ & j tax​ preparation, has been very​ successful, as the pair agree on most​ business-related questions. one​ disagreement, however, concerns the legal form of their business. for the past two​ years, ann has tried to convince jack to incorporate. she believes that there is no downside to incorporating and sees only benefits. jack strongly​ disagrees; he thinks that the business should remain a partnership forever. ​ first, take​ ann's side, and explain the positive side to incorporating the business. ​ next, take​ jack's side, and state the advantages to remaining a partnership. ​ lastly, what information would you want if you were asked to make the decision for ann and​ jack? which of the following statements are the advantages of a partnership compared to a​ corporation? ​(choose all that​ apply.) a. less expensive to organize. b. ownership is readily transferable. c. lower income taxes. d. owners have limited liability. e. long life of firm.