Kate and Lucy are opening a gift shop together. They do not want to incorporate and are not concerned about personal liability. What business structure will they choose?
A) sole proprietorship
B) partnership
C) limited liability company
D) franchise
Correct Answer:
Verified
Q11: A disadvantage of a sole proprietorship is
Q12: A disadvantage of a sole proprietorship is
Q13: Mandy wants to open a sewing alterations
Q14: A disadvantage of a partnership is that:
A)
Q15: A disadvantage of a partnership is that:
A)
Q17: An advantage of a corporation is that:
A)
Q18: A _ is a separate entity with
Q19: The owners of a _ cannot be
Q20: _ can raise money by issuing stock.
A)
Q21: _ can raise money by selling bonds.
A)
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