menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Fundamentals of Financial Management Study Set 1
  4. Exam
    Exam 1: An Overview of Financial Management
  5. Question
    One Danger of Starting a Proprietorship Is That You May
Solved

One Danger of Starting a Proprietorship Is That You May

Question 24

Question 24

True/False

One danger of starting a proprietorship is that you may be exposed to personal liability if the business goes bankrupt.This problem would be avoided if you formed a corporation to operate the business.

Correct Answer:

verifed

Verified

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

Related Questions

Q19: Managers always attempt to maximize the long-run

Q20: The primary operating goal of a publicly-owned

Q21: If a lower level person in a

Q22: Which of the following statements is CORRECT?<br>A)

Q23: Which of the following actions would be

Q25: A hostile takeover is said to occur

Q26: With which of the following statements would

Q27: Which of the following statements is CORRECT?<br>A)

Q28: Which of the following statements is CORRECT?<br>A)

Q29: Which of the following could explain why

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