Type of business structure

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Assignment:

For the time being, David and Stephanie should consider running their firm as a partnership. The business structure, as a partnership, allows David and Stephanie to retain management control, provide for their family in the form of shares and assets, and obtain capital from outside investors. With a present yearly revenue of $50 million, it may be challenging for them to structure and manage their assets if they opt to incorporate a corporation, a different type of business structure.

Reference no: EM133400794

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