Proprietorships are generally expected to follow the accounting guidelines set out in the Uniform Proprietorship Act.
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Q5: Most large businesses are organized as proprietorships.
Q6: Proprietorships must file a federal tax return
Q7: In a sole proprietorship, legally the owner
Q8: If partners in a partnership are in
Q9: Proprietorships must receive a license from the
Q11: Many states allow partnerships to be treated
Q12: Partnerships must begin with a written agreement,
Q13: About 80 percent of business revenues go
Q14: State laws, not federal, concern the forms
Q15: There are close to 30 million businesses
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