Types of businesses

Front

What is the legal paperwork that allows a person to start a corporation?

Back

Charter

Front

Robert receives all of the profits and is personally responsible for all of the losses of his business; what type of business does he have?

Back

Sole Proprietorship

Front

When one owner dies, the business usually ends. What type of business is it?

Back

Partnership

Front

Marco's computer repair business has limited financial resources. What type of business is it?

Back

Sole Proprietorship

Front

Anne and Andres are meeting to plan a new advertising campaign for the town newspaper they own. What type of business do they have?

Back

Partnership

Front

Which types of business need to be registered with the State and Federal Government? Sole Proprietorship, Partnership, Corporation, Limited Liability Company

Back

Corporation

Front

Tracey and Doug's Dog Was Boutique is probably an example of a...

Back

Partnership

Front

Google, Amazon, and Facebook are examples of...

Back

Corporation

Front

Tom's partner didn't pay the taxes and now the business is facing a fine. This is because...

Back

general partners are responsible for each other's actions

Front

John has decided to use his mower to cut lawns in the neighborhood for some extra money. He is able to do this because...

Back

It's so easy to start a sole-proprietorship