This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is a disadvantage of a sole proprietorship? A) The owner is personally liable ... (Read 102 times)

Engineer

  • Hero Member
  • *****
  • Posts: 527
on: Jul 14, 2018
Which of the following is a disadvantage of a sole proprietorship?
 A) The owner is personally liable for the debts of the firm.
  B) The firm is subject to double taxation.
  C) The profits of the firm have to be shared between its members.
  D) The costs of formation of the firm are more compared to other business forms.

Question 2

What is a not-for-profit corporation? Discuss some of the similarities between not-for-profit corporations and for-profit corporations.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

quynhmickitran

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jul 14, 2018
Answer to Question 1

A

Answer to Question 2

A not-for-profit corporation is a corporation organized to provide a social, educational, religious, or other service rather than to earn a profit. Employees of both for-profit and not-for-profit organization are responsible for making sure the organization achieves its goals and objectives, ensuring accountability for finances and donations, and monitoring activities to improve performance of both employees and volunteers.


Engineer

  • Member
  • Posts: 527
Reply 2 on: Jul 14, 2018
Great answer, keep it coming :)

xiazhe

  • Member
  • Posts: 331
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own
Do not interact with a service dog unless you have permission from its owner. Do not interact with a service dog unless you have permission from its owner.
True Dover Sole True Dover Sole
Lemon Sole Lemon Sole
Petrale Sole Petrale Sole
A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ... A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ...
Video: How to find out if a population is evolving?

For a complete list of videos, visit our video library