Multiple Choice
A sole proprietorship
A) consists of a business owned and operated by one individual
B) is a business form that protects the personal assets of the owner
C) is a business form that requires several formalities
D) is a business form that pays taxes as a business
E) all of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q10: Exempt assets must be turned over to
Q11: The owners of a corporation are known
Q13: Blue Sky laws refer to:<br>A) federal securities
Q15: Corporations are formed by filing which document
Q16: Actual authority of partners to enter contracts
Q18: A limited liability company the individuals who
Q19: Bankruptcy is governed primarily by federal law.
Q36: In a limited partnership:<br>A) all partners have
Q38: A general partnership always has a managing
Q51: A limited partnership must have at least