Pawsabilities is a dog grooming service entirely owned by Clark, Art, and Fred. Which of the following statements does NOT describe a downside of this business form?
A) It faces significant paperwork requirements to start.
B) Each owner is personally liable for debts created by the firm.
C) It can use loans only as a way to raise money to expand.
D) Each owner is liable for a legal claim against the firm.
Correct Answer:
Verified
Q23: The type of firm that is a
Q24: The type of firm that is a
Q25: Which of the following is a key
Q26: Which of the following is an advantage
Q27: Pawsabilities is a dog grooming service entirely
Q29: Any enterprise that employs the factors of
Q30: What are the owners of a limited
Q31: _ represent(s) ownership in a corporation.
A) Bonds
B)
Q32: A _ is a payment of a
Q33: Firms sell stock to:
A) generate a profit.
B)
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