Good Earth Landscaping

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Brigg has operated a landscaping business, Good Earth Landscaping, as a sole proprietorship. He has done most of the work himself and ?nanced the business out of his pocket. Brigg wants to expand by taking on regular employees and purchasing new equipment. His sister, Pearl, is willing to put up some money, but she wants to be sure she won't have to pay any more than she invests.

a. Pearl invests on the understanding that she will share in the pro?ts, will help Brigg run the business, and will not be liable beyond the investment. Are her understandings valid?

Reference no: EM133231573

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