Identify 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 partnership
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- Which of the following are limited liability entities? A. General partnership B. General liability company C.sole proprietorship D. S corporationThe Loan payoff schedule contains which of the following/s a. annual payment o b. All of them c. Interest payment d. Principal paymentOwners in which of the following forms of business have unlimited liability? a. sole proprietorships b. limited partnerships c. corporations d. LLCs
- Define Limited liability company.Which forms of business organization, ownership is readily transferable? a. Corporation b. Sole Proprietorship c. Limited Liability Company d. PartnershipWhich business entity could have common stock authorized? O A. a sole proprietorship O B. a partnership O C. a limited liability company O D. a corporation O E. All of the above could theoretically have common stock authorized.
- A business created as a distinct legal entity composed of one or more individuals or entities is known as a: Select one: a. None of the given answers is correct. b. Sole proprietorship c. Owner-managed entity d. PartnershipWhich of the following is NOT a form of ownership that the entrepreneur should consider? a. Sole proprietorship b. Limited partnership c. Corporation d. General partnershipWhich business organization has the most legal formality requirements? a. Corporation b. Partnership c. Joint Ventures d. Sole proprietorship
- Which of the following forms of business organization formats does not offer at least some liability protections to the owners Select one: а. С CORP b. LLC c. S CORP d. LLP e. GENERAL PARTNERSHIP O O ODiscuss the advantages and disadvantages of a. Sole Proprietorship b. Partnership c. Corporation d. CooperativeIn which firm the agreement is Oral or Written? A. Partnership B. Sole Proprietorship C. HUF D. Co-operative Society