Question

The benefits of a sole proprietorship include limited liability unlimited life ease of starting transferability of...

The benefits of a sole proprietorship include

limited liability

unlimited life

ease of starting

transferability of ownership

all of the answers are benefits
Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

The Answer is “all of the answers are benefits”

The benefits of a sole proprietorship include;

- limited liability

- Unlimited life

- Ease of starting

- Transferability of ownership

- A Business which is owned, controlled and managed by a single person or an individual is known as sole proprietorship

- Sole proprietorship is also termed as a sole trader

- Some advantages of sole proprietorship are Easy of starting the business, Less number of rules and regulations applicable, and can get whole the profits earned from the business

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The benefits of a sole proprietorship include limited liability unlimited life ease of starting transferability of...
The benefits of a sole proprietorship include limited liability unlimited life ease of starting transferability of ownership all of the answers are benefits
Which of the following is a disadvantage of operating as a sole proprietorship? 1--Sole proprietorships have...
Which of the following is a disadvantage of operating as a sole proprietorship? 1--Sole proprietorships have complex legal and accounting requeirements. 2--The owner of a sole proprietorship generally carries unlimited liability for the debts and liabilites of the business. 3-- A sole proprietorship has only limited flexiblity in choosing a tax year. 4--A sole proprietorship may consist of one or many individuals.
Which statements are true? Check all that apply: All profits from a sole proprietorship are passed...
Which statements are true? Check all that apply: All profits from a sole proprietorship are passed through to the owner for paying taxes. A sole proprietorship offers limited liability. A sole proprietorship is easy to set up. It is impossible to sell a part of your ownership stake in a sole proprietorship. A sole proprietorship is subject to few government regulations.
Proprietorship Partnership Corporation-C Corporation-S LLC LLP Ease of formation Number of owners Owners’ liability General partner...
Proprietorship Partnership Corporation-C Corporation-S LLC LLP Ease of formation Number of owners Owners’ liability General partner Limited partner Life of firm (consequence of 1 owner dying) Is it a separate legal entity? Are owners & the business taxed separately? Degree of control by 1 owner General partner Limited partner Complete the above table.
1.) The basic rules governing how a corporation is organized and how it conducts its business...
1.) The basic rules governing how a corporation is organized and how it conducts its business are known as _____. a. certificates of organization b. corporate bylaws c. prospectuses d. articles of incorporation 2.) A _____ is a legal business entity that offers limited liability to all of its owners. a. Limited partnership b. General partnership c. Sole proprietorship d. C corporation 3.) How is the formation of limited liability companies (LLCs) similar to the formation of corporations? a. Similar...
1. If you own a corporation, you can: A. lose your home if your company gets...
1. If you own a corporation, you can: A. lose your home if your company gets sued B. raise money by selling stock C. avoid double taxation D. none of the above 2. The sole proprietorship: A. is easy to start B. does not cost too much to open C. incurs unlimited personal liability for the owner D. all of the above 3. The ____________ is the form of ownership used by the majority of businesses in the country. A....
1. All of the following are characteristics associated with a sole proprietorship, EXCEPT: a. income and...
1. All of the following are characteristics associated with a sole proprietorship, EXCEPT: a. income and expense items are reported on Schedule C b. the owner cannot report passive losses on real estate investments on Schedule D c.​once calculated, its net income is reported on Form 1040 d.​the owner must pay self-employment taxes to fund both the Social Security and Medicare systems 2.​A sole proprietor is fully liable for the debts and obligations of the business. (True/False). 3.​Each partner in...
This is just a discussion post from my classmate. I just need to respond. Based off...
This is just a discussion post from my classmate. I just need to respond. Based off of what is written, please answer with a simple analysis of what's written. (example: Interesting post, I see that...) 1. Discuss each of the following business entity types including ownership, financial and legal and tax issues related to each type. Sole Proprietorship A sole proprietorship is owned by only one person and the firm and the owner are considered one and the same from...
‏__ 39. Suppose the U.S. Treasury announces plans to issue $50 billion of new bonds. Assuming...
‏__ 39. Suppose the U.S. Treasury announces plans to issue $50 billion of new bonds. Assuming the announcement was not expected, what effect, other things held constant, would that have on bond prices and interest rates? a. Prices and interest rates would both rise. b. Prices would rise and interest rates would decline. c. Prices and interest rates would both decline. d. There would be no changes in either prices or interest rates. e. Prices would decline and interest rates...
QUESTION 1 The most common type of business organisation is a. non-for-profit organisation b. partnership c....
QUESTION 1 The most common type of business organisation is a. non-for-profit organisation b. partnership c. company/corporation d. sole proprietorship 1 points    QUESTION 2 A business financial statement is meant to convey information about the business to _________________ users in order to help them make decisions about the business. a. internal and external b. internal only c. external only d. none of the above 1 points    QUESTION 3 Which of the following is an advantage of being a...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT