Phoebe and piper believe general partnership

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Paige, Phoebe and Piper are interested in going into business together. Piper inherited a great deal of money from her sister, Priscilla. Paige is an experienced salesperson with a marketing degree from Western State University and worked for five years as a senior sales manager in a large auto parts manufacturing corporation. Phoebe is an engineer who has developed a prototype for a very small car that will be affordable for everyone, while offering superb quality and safety features.

Paige, Phoebe and Piper believe a general partnership is the best form of business for the trio. Do you agree? Provide the advantages and disadvantages of their selection and then discuss two other options that might be more appropriate for the group. Conclude your paper by making a recommendation for the most appropriate choice. Support your answer with the applicable law and/or text material.

Reference no: EM133388667

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