Answer
a. Sole proprietorship.
b. Corporation
c. Partnership
d. Corporation
e. Partnership
Work Step by Step
a. Randy Gentry is the sole owner of the farm produce business.
b. They are combining two businesses and plan to expand significantly. They will need large amounts of financing for growth
c. There are multiple owners contributing cash and expertise. The business is experimental and carries legal risk
d. The expansion to a national chain requires substantial investment and many employees. Marty has no personal savings, so she’ll need to raise capital from investors or lenders. A corporation allows her to do that while maintaining limited personal liability.
e. The two have combined forces and resources required in venturing into the consulting business.
