Differentiate sole proprietorship, partnership and corporation

Q: Explain the board of directors.

A: Corporation is the business structure where there are shareholders who owned the business as they…

Q: Corporate structures include all of the following except

A: Corporate structure describes how several divisions or business units are set up within a firm. A…

Q: Revised Uniform Partnership Act

A: A partnership is a type of company in which two or more parties form a contractual arrangement.The…

Q: Differentiate consortia and joint ventures

A: Talking about the joint venture then, the joint venture is a form of association between the two or…

Q: Discuss the advantages and disadvantages of a partnership

A: A partnership is a type of business structure in which two more people come together to conduct the…

Q: Differentiate the stockholders, corporators and incorporato

A: Stockholders: A shareholder is an individual who owns one or more shares of a company's capital…

Q: State the advantages of limited-liability company (LLC).

A: A liability Company (LLC) could be a kind of business organization that consolidates the overall…

Q: Explain limited-liability company (LLC).

A: The structure of business varies depending on factors like the business scale of operation,…

Q: What are the advantages of sole-proprietorship, partnership

A: Sole Proprietorship The most common type of business ownership in the world is the sole…

Q: 11) Which of the following articles of incorporation items is found in the Model Business…

A: The Model Business Corporation Act was developed by the American Bar Association to provide the base…

Q: A limited partnership a. comes into existence when a certificate of partnership is filed b. always…

A: A limited partnership is a form of partnership that is similar to a general partnership except that…

Q: Distinguish between a member-managed limited liability company and a manager-managed limited…

A: A limited liability company is a business structure. Under a limited liability company, the owners…

Q: Explain the process of forming a corporation.

A: Corporation- A legal entity that is distinct and separated from its owners is called a corporation.…

Q: What is meant by Articles of partnership?

A: A partnership can be defined as a business in which more than one individual is involved and all of…

Q: Define partnership. Explain in your own words, five merits and five demerits of partnership

A: A business organization can be run by partners or can be run individually. It can be wrong to say…

Q: Distinguish between partnership and joint stock company

A: A partnership is a form of business organization in which two or more individuals join hands…

Q: • Characteristics of Partnership • Kinds of Partnership • Kinds of Partners

A: A partnership can be defined as a business in which more than one individual is involved and all of…

Q: Define stockholders.

A: Corporate business is one the most essential type of ownership structure. It has the major feature…

Q: Explain six major disadvantages of incorporating a business as a corporation.

A: Formalities and Expenses  The incorporation of an organization is an extremely intricate legitimate…

Q: What is the relation among persons who attempt but fail to form a corporation and who carry on…

A: Corporations can earn, be charged, and be held fully accountable. Corporations provide the best…

Q: describe a general partnership business venture that  would be interested in becoming involved in.…

A: A business organization refers to a legally recognised entity that is formed for carrying out…

Q: Explain in detail the reasons for the failure of joint venture.

A: Entering into the market of a new country helps the company to expand its working which increases…

Q: What are the advantage and disadvantage of sole proprietorship?

A: A sole proprietorship is when a person is the sole owner of a business and is responsible for all…

Q: Examine special types of businesses,including S corporations, limitedliability companies, and…

A: A sole proprietorship is an unincorporated business possessed by an individual and frequently…

Q: what are the benefits and detriments of being a general partner versus a limited partner of a…

A: Benefits and detriment of being a general partner vs limited partner Limited partnership Limited…

Q: Explain sole proprietorships, partnerships, and cooperatives and discuss the advantages and…

A: A sole proprietorship, also called as the sole trader, individual entrepreneurship or…

Q: Distinguish between a limited partnership and a limited liability company.

A: A partnership refers to an agreement between two or more parties for managing and operating a…

Q: To what extent do shareholders control the activities ofa corporation?

A: A corporation's shareholders are its owners, and as a group, they have a lot of power over how the…

Q: EXPLAIN the background of a company’s existence as a business entity.

A: A business entity or company is a place where where exchnage if goods and services takes place in…

Q: Which of the business structures (Corporation,Partnership,sole Proprietor) has limited liability…

A: 1.Which of the business structures (Corporation,Partnership,sole Proprietor) has limited liability…

Q: Describe the characteristics of a limited liability partnership.

A: A Limited Liability Partnership is a corporate business alternate vehicle that syndicates the supple…

Q: efine Promoter, its kind and explain stages in formation of a public limited company

A: A company consist of various types of people with different skills and knowledge . The company…

Q: Do corporate shareholders have an obligation to make certain that their business corporation acts in…

A: The different ownership in business implies about distribution of business profits/losses and…

Q: Define Horizontal Mergers.

A: Merger is known as combining of two businesses while acquisition is known as taking over the…

Q: Shareholders include customer ,interest , group, .governments ,etc :Select one True

A: A shareholder is an individual or institution who legally owns one or more shares of the company's…

Q: Which of the following forms of business organization can finance its operation through acquiring…

A: Finance is an important aspect of running a company. Finance is concerned with how a company…

Q: A general partnership would be the best choice of legal entity for a business such as a…

A: One of the biggest steps in starting a business is determining its structure. Choosing the right…

Q: State the difference between a closed corporation and an open corporation.

A: When operating with a corporate client, it's significant to recognize the corporation's ownership…

Q: State THREE (3) main differences between a sole proprietorship and a company

A: Sole proprietorship owned by a single person. And the single person has unlimited liabilities.…

Q: Compare and contrast the similarities and differences between sole proprietorships, corporations,…

A: Similarities between sole proprietorship, corporations & partnership firm:  Objective: All…