Multiple Choice
Which of these statements is true in regard to the sole proprietorship form of business?
A) you are required to share profits with others
B) if you die, the business continues
C) if the company borrows money from a bank, you are not personally liable for
D) it makes financing more difficult
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Which of the following is a requirement
Q3: The number and severity of disputes between
Q4: As attorneys who share equal ownership, profits,
Q5: What advantage(s) does the S-corporation give to
Q6: It is imperative to decide which form
Q9: The most important benefit of incorporation is
Q10: No single form of ownership will give
Q11: A very important consideration in picking a
Q12: A hostile takeover is a takeover that
Q23: A disadvantage of a corporation is that