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Author Question: A partnership: A) is a form of business ownership with a single owner who usually actively manages ... (Read 130 times)

nelaaney

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on: Jul 14, 2018
A partnership:
 A) is a form of business ownership with a single owner who usually actively manages the company.
  B) is a form of business ownership in which the business is considered a legal entity that is separate and distinct from its owners.
  C) is a form of business ownership that offers both limited liability to its owners and flexible tax treatment.
  D) is a voluntary agreement under which two or more people act as co-owners of a business for profit.

Question 2

Explain the differences among a domestic, a foreign, and an alien corporation.


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coreycathey

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Reply #1 on: Jul 14, 2018
Answer to Question 1

D

Answer to Question 2

A domestic corporation is an incorporated business in the state in which it is incorporated. In all other states where the organization does business, it is called a foreign corporation. An alien corporation is a corporation chartered by a foreign government and conducting business in the United States.


nelaaney

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Reply #2 on: Jul 14, 2018
Correct answers!


coreycathey

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Reply #3 on: Jul 14, 2018
Great! Please up vote :D


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