Question: Description a . Micah and Nancy own Financial Services, which pays a business income tax. Micah and Nancy do not have personal responsibility for the
Description
a Micah and Nancy own Financial Services, which pays a business income tax. Micah and Nancy do not have personal responsibility for the debts & Financial Services.
b Riley and Kay own Speedy Packages, a courier service. Both are personally liable for the debts of the business.
c IBC Services does not have separate legal existence apart from the one person who owns it
d Trent Company is owned by Trent Malone, who is personally liable for the company's debts.
e Ownership of Zander Company is divided into shares of stock. The company pays a
AJ Company pays a business income tax and has two owners.
h Jeffy Auto is a separate legal entity from its owner, but it does not pay a business income tax.
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