A business entity operated and taxed like a partnership, but with limited liability for the owners, is called a: A: limited liability company. B: general partnership. C: limited proprietorship. D: sole proprietorship. E: corporation.
A business entity operated and taxed like a partnership, but with limited liability for the owners, is called a: A: limited liability company. B: general partnership. C: limited proprietorship. D: sole proprietorship. E: corporation.
They decided to ___ the partnership.
They decided to ___ the partnership.
Most businesses are partnership.
Most businesses are partnership.
A business owned by a single individual is called a: A: corporation. B: sole proprietorship. C: general partnership. D: limited partnership. E: limited liability company.
A business owned by a single individual is called a: A: corporation. B: sole proprietorship. C: general partnership. D: limited partnership. E: limited liability company.
The goal of a limited liability company is to be taxedlike a partnership.
The goal of a limited liability company is to be taxedlike a partnership.
business partner whose potential financial loss in the partnership will not exceed his or her investment in that partnership is called a limited partner. （ ）
business partner whose potential financial loss in the partnership will not exceed his or her investment in that partnership is called a limited partner. （ ）
Which TWO of the following describe a partner's drawings from the business in which they are a partner? A: Reduction in that partner's equity in the partnership. B: Reduction in the net assets of the partnership. C: Salary paid to the partner. D: An expense of the business.
Which TWO of the following describe a partner's drawings from the business in which they are a partner? A: Reduction in that partner's equity in the partnership. B: Reduction in the net assets of the partnership. C: Salary paid to the partner. D: An expense of the business.
Which of these categories is NOT included in the Give-Get Partnership Tool?
Which of these categories is NOT included in the Give-Get Partnership Tool?
Partnership disputes are not as sticky as disputes between companies.
Partnership disputes are not as sticky as disputes between companies.
Many people objected to the idea of the corporation because it is less personal than sole proprietorship and partnership.
Many people objected to the idea of the corporation because it is less personal than sole proprietorship and partnership.