Solution-Advantages of the other forms-sole proprietorship

Advantages of the other forms-sole proprietorship

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Reference no: EM132905381

Which of the following is true about a corporation?It exists as a legal entity separate from its owners.

For liability purposes, it functions as general partnership.

For tax purposes, it functions as a partnership.

Only a for-profit business can be registered as a corporation.

It combines the advantages of the other forms-sole proprietorship, partnership, and limited liability corporation.

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Advantages of the other forms-sole proprietorship

Reference no: EM132905381

Reference no: EM132905381

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