Distributorship franchise - Study guides, Class notes & Summaries
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BLAW 3391 TTU Exam 2 Questions With 100% Correct Answers.
- Exam (elaborations) • 20 pages • 2024
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Sole Proprietorship - Answer-Simplest business form; owner is the business. Owner reports business 
income on personal income tax return and is legally responsible for all debts and obligations incurred by 
the business. 2/3 of all U.S. businesses are formed in this way. 
Sole Proprietorship Advantages - Answer-•Owner receives all profits; pays only personal taxes 
•Easy to create; less costly 
•Flexible decision making 
Sole Proprietorship Disadvantages - Answer-•Owner responsible for a...
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BLAW 3391 TTU Exam 2 Questions And Answers (Verified And Updated)
- Exam (elaborations) • 16 pages • 2024
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BLAW 3391 TTU Exam 2 Questions And Answers (Verified And Updated) 
Sole Proprietorship 
Simplest business form; owner is the business. Owner reports business income on personal income tax return and is legally responsible for all debts and obligations incurred by the business. 2/3 of all U.S. businesses are formed in this way. 
 
 
Sole Proprietorship Advantages 
•Owner receives all profits; pays only personal taxes 
•Easy to create; less costly 
•Flexible decision making 
 
 
Sole Proprie...
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BLAW 3391 Pleasant Exam 2 Questions With Verified Answers
- Exam (elaborations) • 13 pages • 2024
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BLAW 3391 Pleasant Exam 2 Questions With Verified Answers 
Entrepreneur 
One who initiates and assumes the financial risk of a new business enterprise and undertakes to provide or control its management 
 
 
Sole Proprietorship 
The simplest form of business organization, in which the owner reports business income on his or her personal income tax return and is legally responsible for all debts and obligations incurred by the business. 
 
 
Sole Proprietorship in TX 
You can establish without fi...
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BLAW 3391 Pleasant Exam 2 Questions With Verified Answers
- Exam (elaborations) • 13 pages • 2024
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BLAW 3391 Pleasant Exam 2 Questions With Verified Answers 
One who initiates and assumes the financial risk of a new business enterprise and undertakes to provide or control its management 
Entrepreneur 
 
 
The simplest form of business organization, in which the owner reports business income on his or her personal income tax return and is legally responsible for all debts and obligations incurred by the business. 
Sole Proprietorship 
 
 
You can establish without filing any legal documents. 
...
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BLAW 3391 TTU Exam 2 Questions And Answers (Verified And Updated)
- Exam (elaborations) • 16 pages • 2024
-
- $11.09
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BLAW 3391 TTU Exam 2 Questions And Answers (Verified And Updated) 
Sole Proprietorship 
Simplest business form; owner is the business. Owner reports business income on personal income tax return and is legally responsible for all debts and obligations incurred by the business. 2/3 of all U.S. businesses are formed in this way. 
 
 
Sole Proprietorship Advantages 
•Owner receives all profits; pays only personal taxes 
•Easy to create; less costly 
•Flexible decision making 
 
 
Sole Proprie...
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BLAW 3391 TTU Exam 2 Questions And Answers (Verified And Updated)
- Exam (elaborations) • 16 pages • 2024
- Available in package deal
-
- $12.49
- + learn more
BLAW 3391 TTU Exam 2 Questions 
And Answers (Verified And Updated) 
Sole Proprietorship - answerSimplest business form; owner is the business. Owner reports 
business income on personal income tax return and is legally responsible for all debts and 
obligations incurred by the business. 2/3 of all U.S. businesses are formed in this way. 
Sole Proprietorship Advantages - answer•Owner receives all profits; pays only personal 
taxes 
•Easy to create; less costly 
•Flexible decision making 
So...
-
BLAW 3391 Pleasant Exam 2 Questions With Correct Answers 100%
- Exam (elaborations) • 16 pages • 2024
- Available in package deal
-
- $7.99
- + learn more
Entrepreneur - Answer-One who initiates and assumes the financial risk of a new business enterprise 
and undertakes to provide or control its management 
Sole Proprietorship - Answer-The simplest form of business organization, in which the owner reports 
business income on his or her personal income tax return and is legally responsible for all debts and 
obligations incurred by the business. 
Sole Proprietorship in TX - Answer-You can establish without filing any legal documents. 
1) choose a B...
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BLAW 3391 TTU Exam 2 Questions And Answers (Verified And Updated)
- Exam (elaborations) • 16 pages • 2024
- Available in package deal
-
- $12.49
- + learn more
BLAW 3391 TTU Exam 2 Questions 
And Answers (Verified And Updated) 
Sole Proprietorship - answerSimplest business form; owner is the business. Owner reports 
business income on personal income tax return and is legally responsible for all debts and 
obligations incurred by the business. 2/3 of all U.S. businesses are formed in this way. 
Sole Proprietorship Advantages - answer•Owner receives all profits; pays only personal 
taxes 
•Easy to create; less costly 
•Flexible decision making 
So...
-
BLAW 3391 Pleasant Exam 2 Questions With Verified Answers
- Exam (elaborations) • 35 pages • 2024
- Available in package deal
-
- $12.49
- + learn more
BLAW 3391 Pleasant Exam 2 Questions 
With Verified Answers 
One who initiates and assumes the financial risk of a new business enterprise and undertakes to 
provide or control its management - answerEntrepreneur 
The simplest form of business organization, in which the owner reports business income on his 
or her personal income tax return and is legally responsible for all debts and obligations incurred 
by the business. - answerSole Proprietorship 
You can establish without filing any legal do...
-
BLAW 3391 TTU Exam 2 Questions And Answers (Verified And Updated)
- Exam (elaborations) • 16 pages • 2024
- Available in package deal
-
- $12.49
- + learn more
BLAW 3391 TTU Exam 2 Questions 
And Answers (Verified And Updated) 
Sole Proprietorship - answerSimplest business form; owner is the business. Owner reports 
business income on personal income tax return and is legally responsible for all debts and 
obligations incurred by the business. 2/3 of all U.S. businesses are formed in this way. 
Sole Proprietorship Advantages - answer•Owner receives all profits; pays only personal 
taxes 
•Easy to create; less costly 
•Flexible decision making 
So...
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