Mr. Ali started business with a small amount of capital and he is responsible for all his losses and he has the right over all the profits of the business. Which form of business organization Mr. Ali has started? O a Sole Proprietor O b. All the options are wrong Partnership O d. Company

Mr. Ali started business with a small amount of capital and he is responsible for all his losses and he has the right over all the profits of the business. Which form of business organization Mr. Ali has started? O a Sole Proprietor O b. All the options are wrong Partnership O d. Company

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter9: Acquisitions Of Property

Section: Chapter Questions

Problem 7DQ

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Mr. Ali started business with a small amount of capital and he is responsible for all
his losses and he has the right over all the profits of the business. Which form of
business organization Mr. Ali has started?
Sole Proprietor
on
O b. All the options are wrong
Oc Partnership
O d. Company

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