"Longevity and continuity of a sole proprietorship" Essays and Research Papers

Sort By:
Satisfactory Essays
Good Essays
Better Essays
Powerful Essays
Best Essays
Page 31 of 50 - About 500 Essays
  • Satisfactory Essays

    lit1 task 3

    • 739 Words
    • 3 Pages

    Part A SOLE PROPRIETORSHIP: LIABILITY – Sole Proprietorship caries a large amount of liability because your personal credit can be affected if business fails. INCOME TAXES – As a sole proprietorship you only file one income tax for yourself and your business combined. LONGEVITY/CONTINUITY – A Sole proprietorship can grow as fast or as slow as the owner chooses. CONTROL – Sole proprietor has complete control over every aspect of the business. The sole proprietorship can grow at fast or

    Premium Corporation Types of companies Corporate tax

    • 739 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Lit - Task310.2.1-05

    • 1425 Words
    • 6 Pages

    SOLE PROPRIETORSHIP: A Sole Proprietorship is a form of business that is owned and operated by one person. A sole proprietorship can be started with no state filing that is required. The sole proprietor has unlimited responsibility for all business gains‚ losses‚ and debts. A sole proprietorship does not distinguish between personal and business assets. * Liability: A sole proprietorship has unlimited liability. This can affect all the owners’ assets‚ both business and personal. * Income

    Premium Corporation Types of companies

    • 1425 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    Business Organizations Task 1 SOLE PROPRIETORSHIP: A sole proprietorship is the easiest and most simple business form to operate under. The sole proprietorship itself is not a legal entity. In a sole proprietorship‚ the person who owns the business is personally responsible for the business debts. • Liability:  The business owner is personally liable for any claims/lawsuits against the business. If a sole proprietorship is defeated in a lawsuit or is in debt‚ the owner/sole proprietor is personally

    Premium Types of companies Corporate tax Business law

    • 1583 Words
    • 7 Pages
    Satisfactory Essays
  • Better Essays

    Lit1 Task 310.1.2-01-06

    • 2161 Words
    • 7 Pages

    1    Part A Sole Proprietorship A sole proprietorship is a form of business that is owned by a single individual.  • Liability – Due to the lack of legal distinction between the owner and the business‚ the owner is fully responsible and liable for all debts that the business incurs in the same manner that an individual is fully responsible and liable for all debts that they incur. There is no legal distinction between the assets of the owner of the sole proprietorship and the business; this

    Premium Corporation Types of companies Corporate tax

    • 2161 Words
    • 7 Pages
    Better Essays
  • Satisfactory Essays

    Part A Sole Proprietorship: A sole proprietorship is a business owned by one person. It is the most frequently used form of business and most small businesses begin as sole proprietorships. It is the easiest and cheapest type of business to start. • Liability: A sole proprietor is financially accountable for all of the unpaid debts of the business. The sole proprietor’s business assets and liabilities and his or her personal assets and liabilities are the same. If the business were to go out

    Premium

    • 1625 Words
    • 7 Pages
    Satisfactory Essays
  • Good Essays

    Forms of Business Organizations And Their Attributes Sole Proprietorship A sole proprietorship is the easiest business organization to form because ownership consist of a single individual. The sole proprietor has ultimate control over the focus and direction of the entire business. This feature sets the sole proprietorship apart from all other business organizations. The advantages of a sole proprietorship are that the only paperwork the sole proprietor needs to be concerned with‚ when forming the

    Premium Corporation Types of companies Legal entities

    • 3347 Words
    • 14 Pages
    Good Essays
  • Better Essays

    Sole proprietorship This business is an individual owned organization. This business is the most attractive because of its simplicity and control over the business. * Liability-.This business has unlimited liability. The owner is responsible for everything. If the business begins to fail personal assets and business assets can be sought after to pay off debts. There is no distinction between the two assets. * Income taxes- Business owners in a sole proprietorship file a 1040 as well as

    Premium Corporate tax Corporation Types of companies

    • 1272 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Lit Task 1

    • 1732 Words
    • 7 Pages

    Sole Proprietorship: The most common form of business in the United States. A business operating under Sole Proprietorship is run only by the owner of the company. All decisions are made solely by the owner without the need to have legal consultation. The business only needs to register the business name with the government if the owner choses to use a business name rather than his/her personal name. Liability- All liability is held with the business owner. Sole proprietorship has unlimited liability

    Premium Corporation Types of business entity Partnership

    • 1732 Words
    • 7 Pages
    Good Essays
  • Good Essays

    LIT1 Task 1

    • 1514 Words
    • 5 Pages

    2-01-06 Part A Sole Proprietorship: A sole proprietorship is owned by only one person. All profits and losses are the responsibility of the owner only. Liability – There is unlimited liability in a sole proprietorship. The owner is solely responsible for any debts that may occur. Income Taxes – The business files taxes as one single unit. Because profits are not shared‚ they are considered personal income to the sole proprietor. Longevity/Continuity – In a sole proprietorship if the owner

    Premium Corporation Types of companies Limited liability company

    • 1514 Words
    • 5 Pages
    Good Essays
  • Better Essays

    LIT1 Task 1

    • 3141 Words
    • 13 Pages

    (LIT1 Task 1) Sole Proprietorship: This is a type of business is where the business and the owner are one in the same. Sole proprietorship has its advantages and disadvantages just like every form of business. Sole proprietorship is one of the easiest types of business to create. You as the owner can name‚ organize and carry the business as far as you dream of it going. Sole proprietorship also can have risks; as the owner you cannot bring others into the business‚ so the responsibility of

    Premium Corporation Limited liability company Types of companies

    • 3141 Words
    • 13 Pages
    Better Essays
Page 1 28 29 30 31 32 33 34 35 50