Nascla business law - Study guides, Class notes & Summaries

NASCLA Business Law and Managment EXAM SC Questions with Correct Answers Sole Proprietorship - answera business owned and managed by a single individual Simplest form to set up unlimited Liability Partnerships - answerBusiness organizations in which two or more persons share responsibilities, costs, profits, and losses. C Corporations - answerCorporations that have no restrictions on who owns their shares or the number of shareholders; they cannot qualify for subchapter S tax treatment and are s...

NASCLA Business Law and Management EXAM SC Questions And Answers Sole Proprietorship - ANS a business owned and managed by a single individual Simplest form to set up unlimited Liability Partnerships - ANS Business organizations in which two or more persons share responsibilities, costs, profits, and losses. C Corporations - ANS Corporations that have no restrictions on who owns their shares or the number of shareholders; they cannot qualify for subchapter S tax treatme...

Sole Proprietorship - Correct Answer-a business owned and managed by a single individual Simplest form to set up unlimited Liability Partnerships - Correct Answer-Business organizations in which two or more persons share responsibilities, costs, profits, and losses. C Corporations - Correct Answer-Corporations that have no restrictions on who owns their shares or the number of shareholders; they cannot qualify for subchapter S tax treatment and are subject to direct taxation S corpora...

NASCLA Business Law And Managment Exam Sc Final Sole Proprietorship - CORRECT ANSWER-a business owned and managed by a single individual Simplest form to set up unlimited Liability Partnerships - CORRECT ANSWER-Business organizations in which two or more persons share responsibilities, costs, profits, and losses. C Corporations - CORRECT ANSWER-Corporations that have no restrictions on who owns their shares or the number of shareholders; they cannot qualify for subchapter S tax tr...

When a business is purchased by a new owner, what happens in regards to the "EIN"?A new EIN is required Alabama Business Law & Project Management Residential (4th) - This question is not in the book, but can show up on your exam. What is the difference between mediation and arbitration?With mediation the two disputing parties themselves set the conditions of any agreement with the help of a mediator. Arbitration involves a third party that will render the decision by which all parti...

NASCLA BUSINESS LAW EXAM QUESTIONS AND ANSWERS sole proprietor - Answer- A form of business ownership is least regulated partnership - Answer- Under which form of business organization are all investors fully liable for all debts of the business. S corporation - Answer- owner who is looking for maximum protection from personal liability leaving something out - Answer- worst possible error in estimating source documents - Answer- the paperwork related to purchase order, credit card recei...

NASCLA Business Law and Management Exam Sc, 107 Questions With 100% Correct Answers 2024. With Complete Solution. Sole Proprietorship a business owned and managed by a single individual Simplest form to set up unlimited Liability Partnerships Business organizations in which two or more persons share responsibilities, costs, profits, and losses. C Corporations Corporations that have no restrictions on who owns their shares or the number of shareholders; they cannot qualify for subchapte...

sole proprietor - ️️A form of business ownership is least regulated partnership - ️️Under which form of business organization are all investors fully liable for all debts of the business. S corporation - ️️owner who is looking for maximum protection from personal liability leaving something out - ️️worst possible error in estimating source documents - ️️the paperwork related to purchase order, credit card receipts and so on... Income Statement - ️️A financi...

NASCLA Business Law and Managment EXAM SC Sole Proprietorship - answera business owned and managed by a single individual Simplest form to set up unlimited Liability Partnerships - answerBusiness organizations in which two or more persons share responsibilities, costs, profits, and losses. C Corporations - answerCorporations that have no restrictions on who owns their shares or the number of shareholders; they cannot qualify for subchapter S tax treatment and are subject to direct taxat...