Do you think it is still possible for sole proprietorship businesses to prosper or, has the...
Do you think it is still possible for sole proprietorship businesses to prosper or, has the corporate business model taken over?
Homework Answers
ANS- Yes, it is possible for sole proprietorship business to prosper even if the corporate business model has taken over because sole proprietorship is a business which is solely owned by one person and that one person decides on how much profit he/she has to make or how much goods he/she needs to purchase. In other words the one person is solely responsible for all the decisions they make while corporate business are legal entity and are formed by more than two persons and their business is large while sole proprietorship business may be a small one compared to corporate business and there are many customers who purchase their goods in small quantities and where price is low and they will like to visit small stores which are set up everywhere and therefore sole proprietorship will prosper even if there are corporate business model.
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Do you think it is still possible for sole proprietorship
businesses to prosper or, has the...
I need some clarification. Most American businesses are this form of business sole proprietorship Limited liability...
I need some clarification.
Most American businesses are this form of business sole proprietorship Limited liability encourages investors to invest large amounts of money in this form partnership of business It is argued that this form of business contributes the most to increases in the corporation nation's output (GDP) Ownership is distributed among a small number of people. This type of business is partnership subject to unlimited liability. corporation Shareholders are the owners of this form of business. Answer Bank...
4. Forms of business organizations Aa Aa Businesses can be classified into the following forms: sole...
4. Forms of business organizations Aa Aa Businesses can be classified into the following forms: sole proprietorship, partnership, corporation, limited liability company (LLC), and limited liability partnership (LLP) Different forms of businesses have different characteristics. Which of the following characteristics would apply to a limited liability company and a limited liability partnership? Check all that apply. LLPs are not suitable for professional firms such as accounting, law, and architecture Owned by single individual Owners have limited liability and right to...
QUESTION 12 Which of the following is an advantage of the sole proprietorship? A. Limited liability...
QUESTION 12 Which of the following is an advantage of the sole proprietorship? A. Limited liability for its owner B. Double taxation on its owner C. No significant legal requirements for starting the business D. Ability to sell shares of ownership to the investing public QUESTION 7 6.25 points Save Answer Assume that a business has earned Net Income of $200,000 in a given year and that the corporate tax rate is 21%. Individuals are taxed at a rate of...
do you think artificial intelligence has affected Society and businesses?
do you think artificial intelligence has affected Society and businesses?
1. Which of the following statements is true? A. An advantage to a sole proprietorship is...
1. Which of the following statements is true? A. An advantage to a sole proprietorship is the benefit from specialization. B. A disadvantage to a corporation is that individual investors have unlimited liability. C. A disadvantage to a sole proprietorship is that you must file corporate income tax. D. An advantage to a corporation is that it has unlimited life. 2. What is the primary goal of a corporation? A. Minimizing the market price. B. Maximizing current earnings per share....
In assessing your Business Structure Chart, if you had a sole proprietorship company and wanted to...
In assessing your Business Structure Chart, if you had a sole proprietorship company and wanted to take it global, what structure would be best and explain why you chose that structure. Which business structure has the least amount of risk involved and explain your reasoning as to why it has the least amount of risk. need in essay form and at least 200 words
How well do you think small businesses do long-term financial planning and cash budgeting? If you...
How well do you think small businesses do long-term financial planning and cash budgeting? If you were a consultant to a small business, what would be your advice to them in developing financial plans and cash budgets? Cash flows are obviously what keep the company running smoothly. However, many companies choose to hold large amounts of cash. What are some possible negatives that could arise from a company hoarding large amounts of cash?
1. What are the advantages and disadvantages associated with the sole proprietorship? How do you create...
1. What are the advantages and disadvantages associated with the sole proprietorship? How do you create a general partnership, limited partnership and a limited liability partnership? What are the rights and duties of partners in a general partnership?What is meant by joint and several liability? What advantages do LPs and LLPs have that general partnerships do not?
1. Government regulation of business changes over time, often in response to public sentiment, the political...
1. Government regulation of business changes over time, often in response to public sentiment, the political environment, and the economy. At times the pendulum swings toward more regulation, and other times it favors deregulation. Regardless of the case, businesses must work within the legal and regulatory environment as it applies to their business or industry. Discuss the major challenges facing business in today’s regulatory setting, giving specific examples of instances where regulation helps and hurts business. 2. Corporate social responsibility...
If you were to form a CPA firm, which business structure would you choose, a sole proprietorship,...
If you were to form a CPA firm, which business structure would you choose, a sole proprietorship, a partnership, or a limited liability company? Please explain your reason.
I need some clarification.
Most American businesses are this form of business sole proprietorship Limited liability encourages investors to invest large amounts of money in this form partnership of business It is argued that this form of business contributes the most to increases in the corporation nation's output (GDP) Ownership is distributed among a small number of people. This type of business is partnership subject to unlimited liability. corporation Shareholders are the owners of this form of business. Answer Bank...
4. Forms of business organizations Aa Aa Businesses can be classified into the following forms: sole proprietorship, partnership, corporation, limited liability company (LLC), and limited liability partnership (LLP) Different forms of businesses have different characteristics. Which of the following characteristics would apply to a limited liability company and a limited liability partnership? Check all that apply. LLPs are not suitable for professional firms such as accounting, law, and architecture Owned by single individual Owners have limited liability and right to...
QUESTION 12 Which of the following is an advantage of the sole proprietorship? A. Limited liability for its owner B. Double taxation on its owner C. No significant legal requirements for starting the business D. Ability to sell shares of ownership to the investing public QUESTION 7 6.25 points Save Answer Assume that a business has earned Net Income of $200,000 in a given year and that the corporate tax rate is 21%. Individuals are taxed at a rate of...
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