Lowe ardoin - Study guides, Class notes & Summaries

Sole Proprietorship Correct Answer-- Generally owned by one person - Simple to establish - Owner controlled - Tax advantages - Personal Liability Partnership Correct Answer-- Owned by 2 or more people - Simple to establish - Shared control - Broader skills & resources - Tax advantages - Personal Liability Corporation Correct Answer-- Easy to transfer ownership - Easy to raise capital (selling shares of stock) - No personal liability (BIGGEST ADVANTAGE) - Pay taxes twi...

ACCT 2000 LoweArdoin Exam 1 QUESTIONS AND CORRECTLY WELL DEFINED ANSWERS LATEST 2024 ALREADY GRADED A+ increase D. $15,000 decrease - ANSWER-B Which is not one of the three forms of business organization? A. sole proprietorship B. creditorship C. partnership D. Corp - ANSWER-B What is an advantage of corps relative to partnerships and sole proprietorships? A. increased difficulty of raising funds B. harder to transfer ownership C. reduced legal liability for invest...

ACCT 2000 EXAM 3 LOWE-ARDOIN NEWEST UPDATE WITH COMPLETE QUESTIONS AND ANSWERS/ALREADY GRADED A+