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Brown and Green have a concept for a new survey measuring instrument based on their...

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Brown and Green have a concept for a new survey measuring instrument based on their many years in the Civil Survey field. They want to establish a business to raise capital, design, manufacture, and market this new instrument. Both Brown and Green are well established, are in their mid-50s, and have no family members who would be prepared to take over the business when they are ready to retire in about 10 years.

Once the business is running and profitable, which business form facilitates getting money out of the business while maintaining the business as a going concern?

A.

A partnership, because they can declare dividends, sell some of their shares, and/or pay themselves a salary.

B.

A corporation, because they can declare dividends, sell some of their shares, and/or pay themselves a salary.

C.

A sole proprietorship, because they can declare dividends, sell some of their shares, and/or pay themselves a salary.

D.

A joint venture of two sole proprietorships, because they can declare dividends, sell some of their shares, and/or pay themselves a salary.

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Brown and Green have a concept for a new survey measuring instrument based on their...
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