NASCLA Contractor's Guide, NASCLA Contractors Guide with Complete Solutions
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Course
Contractors License
Institution
Contractors License
NASCLA Contractor's Guide, NASCLA Contractors
Guide with Complete Solutions
3 elements of a business plan - Answer️️ --cover page
-executive summary
-company summary
-products and services
-market analysis
-marketing strategy
-financial plan
advantages of sole proprietorship - Answer�...
-dissolution of the business on the even of the owner's death
who has limited liability in the company? - Answer✔️✔️-limited partners
advantages of a general partnership - Answer✔️✔️--ease of formation
-direct profit rewards
-larger management base than that of a sole proprietorship
disadvantages of a general partnership - Answer✔️✔️--unlimited personal liability of
general partners
-multiple decision makers
-limited life of the business
-changes of partners or partnership agreement may be difficult
-partnership dissolves in the event of the death of a general partner
bid documents - Answer✔️✔️--invitation to bid
-bid instructions
2
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