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Which is the business type which can be owned by only 1 person?
The business entity having separate legal entity status is ………………?
For which business entity, the business profits will be taxed at the personal income tax rate?
Which business entity has the most legal & finance requirements to fulfill on a yearly basis?
The owners of a company are referred to as:
What are the worst disadvantages of a sole proprietorship?
Aparna and her sister wanted to start a textile business together. What is an advantage of organizing the business as a partnership rather than a company?
Agreement that specifies all the conditions for a partnership?
Profit & Loss Appropriation account is part of the accounting of which business form?
In partnership accounts, separate Partners’ Capital Account is to be maintained for each partner. True or false?
Choose the business form with the benefits of limited liability of a company and the flexibility of a partnership.
The company incorporated by a single person is:
Private companies can invite the public to apply for their shares. True or False?
A public company can issue a prospectus. True or False?
A legal entity owned by shareholders?