Association of two or more persons to carry on, as co-owners, a business for profit is known as: a. Limited liability Partnership. b. Proprietorship firm. c. Parent company. d. Corporation.
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- Which forms of business organization, ownership is readily transferable? a. Corporation b. Sole Proprietorship c. Limited Liability Company d. 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 partnershipWhich business organization has the most legal formality requirements? a. Corporation b. Partnership c. Joint Ventures d. Sole proprietorship
- 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 business organization is owned by two or more persons? O a. Company O b. Sole proprietorship O c. Partnership O d. Corporation.The concept of an "artificial being" refers to which form of business organization? a. Partnership * O Partnership O Sole proprietorship O Corporation O Limited partnership
- Which type of business organization is owned by only one owner? Corporation Partnership Sole proprietorship Items a, b, and c are all correct.Of the following forms of business organization, which have stockholders with limited liability? a) limited partnerships b) partnerships c) corporations d) proprietorships1.What are the main advantages of proprietorships, partnerships, and limited liability companies? 2.What are the disadvantages of a partnership over a limited liability company form of organization for a profit-making business?
- 3. Explain the concept of the following Business Ownerships: Sole Proprietorship, Partnership, Corporation, and Cooperation. Describe the advantages and disadvantages of each business.Determine if sole proprietorship, partnership, or corporation. Select all that is applicable between the three forms of business. • greater access to financial resources difficult to liquidate or terminate • separate management from ownershipThe ability to combine skills and knowledge is anadvantage of aa. partnership.b. sole proprietorship.c. limited venture.d. an enterprise venture.e. a horizontal business.