Lsb2605 assignmen - Study guides, Class notes & Summaries

LSB2605 Legal Aspects of Small Businesses ASSIGNMENTS Semesters 1 and 2 3/2021. a) Assignment 01 1.1 Indicate whether the following statements are TRUE (T) or FALSE (F) and provide a reason or explanation for your answer: 1.1.1 Sole proprietorship is easy to set up and is the most basic form of a business entity. Sole proprietorship is a legal entity. (2) 1.1.2 A partnership is a contractual relationship between two or more people to operate a lawful business to make a profit. A partnershi...