Forms of Business Organization according to ownership Show
*Sole Proprietorship *partnership *Corporation *One person company Major Contributions of Forms of Business Organization in Socio Economic Development Business are considered the engine of the economy because they contributed to the economy of our country through paying corporate taxes so that the government can provide the promote social welfare of its citizens. Business also provides job opportunities which compensates the people in the society. Questions
following statements?
What kind of business is best described by these statements I am the only owner of my business?Sole Proprietorship
This is a business run by one individual for his or her own benefit. It is the simplest form of business organization. Proprietorships have no existence apart from the owners.
What kind of business is best described by these statements 1 I am the owner of my business 2 I take all the risks of doing business 3 I keep all the profits * 1 point?A sole proprietorship (also known as individual entrepreneurship, single trader, or simply proprietorship) is an unincorporated business held by only one person. It is a corporate entity's most basic legal structure.
What type of company is it when the owner is the business?Sole Proprietorship – In a sole proprietorship, the business owner IS the business. If the business will operate under a name other than the owner's legal name, the owner must file a “Doing Business As” (DBA, also known as “fictitious name registration”).
What is the best form of business ownership?If you want sole or primary control of the business and its activities, a sole proprietorship or an LLC might be the best choice. You can negotiate such control in a partnership agreement as well. A corporation is constructed to have a board of directors that makes the major decisions that guide the company.
|
What kind of business is best described by these statements 1 I am the owner of my business 2 I take all the risks of doing business 3 I keep all the profits *?
zusammenhängende Posts
Urheberrechte © © 2024 toptenid.com Inc.
