« previous next »

Author Question: Trade fixtures remain the property of the landlord. Indicate whether the statement is true or ... (Read 168 times)

leo leo

  • Hero Member
  • *****
  • Posts: 566
on: Jun 24, 2018
Trade fixtures remain the property of the landlord.
  Indicate whether the statement is true or false

Question 2

Sally Gomez is interested in starting a new business. Although Gomez has developed her business plan and is ready to implement her ideas, she lacks the necessary finances to begin her new business. Along with a lack of finances, Gomez worries about the potential liability involved with starting a new business. Gomez would hate to lose all that she has personally accumulated to date in the event of a successful lawsuit against her. She is considering a sole proprietorship, a partnership, or a corporation as the organizing structure of her new venture. Which type of business would best serve Gomez's needs at this given time?


Gabe

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jun 24, 2018
Answer to Question 1

FALSE

Answer to Question 2

Gomez would like to operate a business enterprise that limits her liability. In a sole proprietorship, there would be no limitation on potential liability, and Gomez's personal assets as well as those invested in the business would be available for recovery in the event of a lawsuit. A partnership would offer her little protection, as the liability exposure is similar to that of a sole proprietorship. The corporate form would simultaneously afford Gomez limited liability and the means to obtain necessary financing. The financing could be obtained through the sale of shares of stock in her corporation.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

leo leo

  • Hero Member
  • *****
  • Posts: 566
Reply #2 on: Jun 24, 2018
Thank you :)


Gabe

  • Sr. Member
  • ****
  • Posts: 321
Reply #3 on: Jun 24, 2018
Happy to help you


« previous next »
 

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Adapoids and omomyoids had longer snouts and are the first “true” primates. Adapoids and omomyoids had longer snouts and are the first “true” primates.
Atlantic Slave Trade, 1451–1870 Atlantic Slave Trade, 1451–1870
Multigroove adjustable pliers are known by many names, including the trade name Channel Locks®. Multigroove adjustable pliers are known by many names, including the trade name Channel Locks®.
Transatlantic Slave Trade Transatlantic Slave Trade
Spaceman Speff orbits planet X with his spaceship. To remain in orbit at 556 Spaceman Speff orbits planet X with his spaceship. To remain in orbit at 556
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: Atrophy

For a complete list of videos, visit our video library