One of the cofounders of project repat is no longer with the company, although he retains a small owner- ship stake. what complications might this change have caused if project repat was set up as a partnership rather than a corporation?

Partnership is a classification of business where all the partners own a stake in the company itself. To make a change in ownership, all partners would have to agree and possibly buy out the outgoing partner. If this did not happen, the outgoing cofounder would still have a say in whatever the company did going forward.

In a corporation, the shareholders own the company and an outgoing cofounder wouldn't be as big of an issue because even though he would have a vote in the direction of the company, his vote would only be one of many other shareholders.

answer: most likely c

explanation:

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"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"