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An entrepreneur wants to start a new business. She needs a huge amount of capital to get started but is...

An entrepreneur wants to start a new business. She needs a huge amount of capital to get started but is willing to divide the profits and control over the company among a large group of investors. Which type of business would best suit her needs?
A. Corporation
B. Sole proprietorship
C. Partnership
D. Limited liability company

Answer

A. Corporation

A corporation is best suited for an entrepreneur who needs a large amount of capital and is willing to share profits and control with a large group of investors. Corporations can raise funds by issuing shares to many investors.

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