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Tami wants to invest money in shares of stock. She would have to pay taxes on her earnings twice. Which is an ADVANTAGE of a sole proprietorship over a corporation?
Franchise
Limited liability
150
Single Taxation
Ease of formation
Potential of unlimited life.
Cooperative
Partnership
Several small businesses that sell organic foods have joined together to increase their chances to pay lower prices for inventory. This is an example of what type of business?
Franchise
Limited liability
150
Single Taxation
Ease of formation
Potential of unlimited life.
Cooperative
Partnership
Todd decided to form a corporation instead of a sole proprietorship because of which ADVANTAGE listed below?
Franchise
Limited liability
150
Single Taxation
Ease of formation
Potential of unlimited life.
Cooperative
Partnership
Tami opened an auto body shop after repairing a couple of cars to the high satisfaction of customers. She has experienced which ADVANTAGE over a corporation?
Franchise
Limited liability
150
Single Taxation
Ease of formation
Potential of unlimited life.
Cooperative
Partnership
Carlos ignores minor decisions in his business even though his name is on the sign as one of the owners. This is an example of what type of business ownership?
Franchise
Limited liability
150
Single Taxation
Ease of formation
Potential of unlimited life.
Cooperative
Partnership
Chun purchased 150 shares of stock in the Panasonic Company. How many votes will she have at the next stockholder’s meeting?
Franchise
Limited liability
150
Single Taxation
Ease of formation
Potential of unlimited life.
Cooperative
Partnership
Since Jane’s corporation has become so popular, she has decided to allow other businesses to sell her products. This is an example of what type of business?
Franchise
Limited liability
150
Single Taxation
Ease of formation
Potential of unlimited life.
Cooperative
Partnership
Mary owns stock for several companies, which she plans to pass ownership to her grandchildren. She chose this form of ownership over sole proprietorship because of the ADVANTAGE of:
Franchise
Limited liability
150
Single Taxation
Ease of formation
Potential of unlimited life.
Cooperative
Partnership
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