Proprietorship sole prop - Study guides, Class notes & Summaries

ITAM Chapter 10 Exam 3 Questions & Answers 2024/2025 Sole Proprietorship - ANSWERSOne single owner Partnership - ANSWERSTwo or more owners Corporation - ANSWERSSeparate legal entity Cooperative - ANSWERSMember/user owned business Sole Proprietorship - ANSWERSEasiest type of business to establish Continuity of existence - sole prop. , ordinary partnership - ANSWERSDeath of owner means business will have to be liquidated or reorganized under new ownership Transfer of ownersh...

Unit 13 Question and answers already passed 2024 Unit 1.0 Fundamentals of Accounting and Bookkeeping, Intuit Bookkeeping Study Material, Chapter Five: Double-Entry Bookkeeping, Bookkeeping Proprietorship / Sole Prop - correct answer A business owned by one person. Simplest structure and not separate from its owner for legal purposes Partnership - correct answer Business owned by two or more persons, the owners are called partners. Not a separate legal entity. Profit/Loss "Pass through...

Closely Held Organizations - correct answer small group of people (like family owned) Publicly Held Organization - correct answer A corporation that may have thousands of stockholders and whose stock is regularly traded on a national securities exchange. basic forms of business organizations - correct answer 1. Sole Proprietorship 2. Partnership 3. Corporation hybrid forms of business organizations - correct answer -limited partnerships -s corporations -limited liability companies ...

NASCLA Exam Questions With Verified Answers Key Functions of a business plan - answer1.) Planning tool 2.) Loan or Investor Document 3.) Benchmarking Tool Elements of a business plan - answer1.) Cover page 2.) Executive Summary 3.) Company Summary 4.) Products and Services 5.) Market Analysis 6.) Marketing Strategy 7.) Financial Plan CECPMMF Sole proprietorship - answeryou are the sole owner - exposes to unlimited liability for business debt Disadvantages of a sole proprietorship ...

NASCLA Exam Questions With Verified Answers Key Functions of a business plan - answer1.) Planning tool 2.) Loan or Investor Document 3.) Benchmarking Tool Elements of a business plan - answer1.) Cover page 2.) Executive Summary 3.) Company Summary 4.) Products and Services 5.) Market Analysis 6.) Marketing Strategy 7.) Financial Plan CECPMMF Sole proprietorship - answeryou are the sole owner - exposes to unlimited liability for business debt Disadvantages of a sole proprietorship ...

Corporation correct answers a company that is legally separate from its owners Advantage of Corporation correct answers Answer: -limited liability Limited Liability correct answers -the investor can only lose how much they invested -prevents stockholders from being held personally responsible for the financial obligations of the corporation Sole Proprietorship correct answers A business owned by one person Partnership correct answers a business owned by two or more people 2 Disa...

NASCLA Exam Questions With Verified Answers Key Functions of a business plan - answer1.) Planning tool 2.) Loan or Investor Document 3.) Benchmarking Tool Elements of a business plan - answer1.) Cover page 2.) Executive Summary 3.) Company Summary 4.) Products and Services 5.) Market Analysis 6.) Marketing Strategy 7.) Financial Plan CECPMMF Sole proprietorship - answeryou are the sole owner - exposes to unlimited liability for business debt Disadvantages of a sole proprietorship ...

Proprietorship / Sole Prop - ANSWER-A business owned by one person. Simplest structure and not separate from its owner for legal purposes Partnership - ANSWER-Business owned by two or more persons, the owners are called partners. Not a separate legal entity. Profit/Loss "Pass through" to owners. Corporation - ANSWER-Business organized as a separate legal entity Limited Liability Company "LLC" - ANSWER-Separate Business and legal entity, but choice of how it is taxed. LLCs are fairly...

NASCLA Exam Questions With Verified Answers Key Functions of a business plan - answer1.) Planning tool 2.) Loan or Investor Document 3.) Benchmarking Tool Elements of a business plan - answer1.) Cover page 2.) Executive Summary 3.) Company Summary 4.) Products and Services 5.) Market Analysis 6.) Marketing Strategy 7.) Financial Plan CECPMMF Sole proprietorship - answeryou are the sole owner - exposes to unlimited liability for business debt Disadvantages of a sole proprietorship ...

Medical Law and Ethics Exam Questions accurately answered 2023 what is a bond - an insurance contract by which a bonding agency guarantees payment of a specified sum to an employer in the event of a financial loss to the employer caused by the act of a specified emplower, a legal obligation to pay specific sums capitation is what - health care providers are paid a fixed monthly compensation for a range of services for each health maintenance organization (HMO) member in their care what ...