Question: Is this the correct answer or not? Wayne Lewis wants to start a sole proprietorship name Lewis Plumbing Services. Because it will be a sole

Is this the correct answer or not?

Wayne Lewis wants to start a sole proprietorship name Lewis Plumbing Services. Because it will be a sole proprietorship, Wayne has no filing requirements to legally exist as a sole proprietorship. True O False

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Wayne Lewis wants to start a sole proprietorship named Lewis Plumbing Services. Because it will be a sole proprietorship, Wayne has no filing requirements to legally exist as a sole proprietorship....

Wayne Lewis wants to start a sole proprietorship name Lewis Plumbing Services. Because it will be a sole proprietorship, Wayne has no filing requirements to legally exist as a sole proprietorship....

Wayne Lewis wants to start a sole proprietorship named Lewis Plumbing Services. Because it will be a sole proprietorship, Wayne has no filing requirements other than obtaining the appropriate...

Ashley Panda lives at 1310 Meadow Lane, Wayne, OH 43466, and her Social Security number is 123-45-6777. Ashley is single and has a 20-year-old son, Bill. His Social Security number is 111-11-1112....

Hi I know you opted out of an earlier question. I have several open questions. I really need to get them in. Would you be willing to take any of these questions? I have been waiting for 3 days. I...

I need to get help with this case study PwC Case Studies in Taxation, 2013, PwC, LLP FLATIRONS, INC. Flatirons, Inc. (dba Flatirons Flapjacks Caf) specializes in unique breakfast and brunch menus and...

Could you please help me with this question? I promise to transfer more money if you can. PwC Case Studies in Taxation, 2013, PwC, LLP NEELEY SERVICES GROUP The Neeley Services Group is owned equally...

Publication 15 Withholding for Federal Income Tax can be calculated using one of two methods. The first, covered in this section of the exercise, is the Percentage Method. Everett Kelly is married...

Publication 15 In this step, you will use the Wage Bracket Method to calculate withholding. In this method, you do not need to calculate withholding allowances, but there are fairly-low limits as to...

1: Caleb Griffin's filing status is married filing jointly, and he has earned gross pay of $3,100. Each period he makes a 401(k) contribution of 7% of gross pay and contributes $125 to a cafeteria...

Design the black-box test suite for a program that accepts two strings and check if the first string is a substring of the second string and display number of times the first string occurs in the...

Managerial Accounting plays a very important role in business in adding value. This role has been changing since its inception. It has been evolved in its current roles through a long journey proving...

When a traditional audit begins with the testing of the balance sheet, auditors find that they often "test" revenue accounts at the same time. CONCEPT REVIEW: Many revenue accounts are verified by...

What is an example of constructive feedback? provide reference