She says she is willing to assume personal responsibility for the debts of the business. None of the above. Terry Woo wants to start a large manufacturing plant that requires over five million dollars to start up. He doesn't really want any control over the business. In fact, he would rather leave the day to day operations of the business in the hands of professional managers.
Terry is unwilling to assume personal responsibility for the debts of the business.
None of the above. Lucy Acosta recently retired from civil service and wants to invest in a business. In fact, she does not want to have any personal responsibility for the debts of the business. She also want to avoid double taxation. Lucy doesn't want to be involved in daily business operations because she would rather be off hunting for antiques.