menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Contemporary Business
  4. Exam
    Exam 26: Small Business, Entrepreneurship, and Partnerships
  5. Question
    The Purpose of a Fictitious Business Name Statement Is to Reduce
Solved

The Purpose of a Fictitious Business Name Statement Is to Reduce

Question 135

Question 135

True/False

The purpose of a fictitious business name statement is to reduce a proprietor's personal liability for debts and other legal obligations incurred by the business.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q130: In the absence of an agreement to

Q131: Which of the following statements is true

Q132: Limited partners can lose their limited liability

Q133: "Certificate of limited partnership" and "articles of

Q134: Limited partners invest capital,manage the business,and are

Q136: Why should partners in a general partnership

Q137: A fictitious business name statement is optional

Q138: In a limited partnership,the partners can agree

Q139: Entrepreneurs can either start a business by

Q140: Under the Revised Uniform Limited Partnership Act,as

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines