A business that is the business owner, not a separate entity: Question 15 options: Sole Proprietorship General Partnership Limited Partnership Limited Liability Limited Partnership
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- The partnership form of business organization Question 5 options: 1) is a common form of organization for service - type businesses. 2) is a separate legal entity. 3) has limited liability. 4) enjoys an unlimited life.Which type of financial structure primarily involves one person owning a business? Group of answer choices Partnership Corporations Sole Proprietorship Limited PartnershipWhich of the following categories of owners have unlimited liability? Select one: a. both A and B b. sole proprietors c. shareholders of a corporation d. general partners in a limited partnership
- Which of the following are limited liability entities? A. General partnership B. General liability company C.sole proprietorship D. S corporationThe concept of an "artificial being" refers to which form of business organization? a. Partnership * O Partnership O Sole proprietorship O Corporation O Limited partnershipIdentify the business entity form that does not provide limited liability for its owners. a. limited liability company b. Subchapter S corporation c. sole proprietorship d. limited partnership
- Analyse the concept of “Limited liability” for: Limited Liability Partnership Private CompanyWhich one of the followings has unlimited liability? A general partner in a limited partnership O A limited partner in a limited partnership A shareholder in an S-corporation A member in a limited liability companyProblem A partnership: A) Is also called a sole proprietorship. B) Has unlimited liability for its partners. C) Is legally required to have a written agreement. D) Is a legal organization separate from its owners. E) Has owners called shareholders.
- Question 1: Define and discuss each of the following by providing at least 2 practical examples: a) Professional corporation ; Limited Partnership; Limited Liability partnership;11. Who is a fiduciary, an 12. What are the different forms of business entities - sole proprietorships, partnerships, corporations. What are the key differences, advantages and disadvantages 13. What is the difference between a general partnership, limited partnership and a limited liability partnershipMeredith had always dreamed about starting her own publishing company. She talked about it constantly. Her family figured she probably would. It began at the age of six when Meredith created a newsletter which she distributed to her classmates each week. She charged them one penny per copy. Since her customers were only six years old, she often had a hard time collecting payment. Fortunately, she had an older brother Thomas who was quite persuasive. He became her debt collector. About five years later, Meredith quit the newsletter and began writing articles for the school newsletter. She was the youngest journalist the school had ever had. Meredith became fairly well known in the local area after she uncovered a story about corruption in the high school student council. It seemed that the student council had been bribed by teachers with candy bars, pizza, and photos of puppy dogs. In exchange, the student council was supposed to implement policies the teachers wanted implemented. In…
