1. Why is the sole proprietorship business form so popular with people who want to start a...
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2. What type of liability do sole proprietors have if their business suffers a large loss?
3. If Nicola decided how to raise $1 million and expand his restaurant could he do this as a sole proprietor or would he have to form a partnership or corporation? Explain. Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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1 Many entrepreneurs enjoy the freedom and control that is associated with a ...View the full answer
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ISBN: 978-0132176408
1st edition
Authors: Luis R. Gomez Mejia, David B. Balkin
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