Series 7 - General Securities Representative Exam
David owns an unincorporated window washing business. He wants to open an account so he can invest money that comes into his business in order to preserve the capital of his business. Which type of account is David most likely to open?
David is operating as a sole proprietor and wants to grow and preserve the capital of his business. JTIC and JTWROS are joint accounts and Limited Liability is an LLC account. David is unincorporated. A sole proprietorship account is the best choice based on the information given