Multiple Choice
Charles and Ellen,an unmarried couple,run an ice cream store.The business is not incorporated,and they have filed no formation papers with the state.Their business is a
A) sole proprietorship.
B) partnership.
C) franchise.
D) limited liability company.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q12: What is a joint venture? Briefly explain
Q13: Andy wants to start his own business.He
Q14: To be a close corporation,the business must
Q15: Which of the following forms of organization
Q16: Trudy wishes to buy a national franchise.What
Q18: Which is an advantage of a sole
Q19: A limited liability company,unlike an S corporation,can
Q20: When a partner leaves the partnership,whether it
Q21: An organization that does not pay income
Q22: To form an LLC,both a charter and