Everett wants to start a sports club to benefit inner-city children and teach them rock climbing, mountaineering, and other outdoor sports. He wants to take donations to support the club rather than sell stock. What business form would be best for this club?
A) Not-for-profit corporation.
B) S-corporation.
C) Partnership.
D) Syndicate.
Question 2 - What do experts consider the key to securing a long-term business loan? Explain.
Question 3 - The Human Side of Enterprise was a management book written by Frederick W. Taylor.
Indicate whether the statement is true or false
Question 4 - An investment banker's main responsibility is to help firms work out the financial details of issuing new securities before a public offering. This can include assisting the firm with the planning and market assessment phase, providing assistance with SEC details, and deciding whether to sell the stock via a firm commitment or a best efforts approach.
Indicate whether the statement is true or false
Question 5 - Maurice and Stanley have sold stock to eight of their friends and have enough money to expand the business and to open another store. During a shareholders' meeting, Maurice, Stanley, and the eight other shareholders unanimously agreed that it would be better to pass through the company's profits and losses like a partnership. All of the shareholders are individuals and United States citizens. The shareholders could vote to change the corporation into a(n)
A) S-corporation.
B) limited liability company.
C) alien corporation.
D) foreign corporation.
Question 6 - What types of businesses obtain venture capital financing? How does venture capital differ from a private placement?
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