Ask Question
BusinessBusiness
5 May, 13:18

Is your business owned by a business entity what does that mean

+1
Answers (1)
  1. 5 May, 15:43
    0
    Business entity refers to an organization established by one or more people in order to carry out business transaction.

    Explanation:

    Business entity are organizations owned by one or more persons with the aim of trading and has a legal status. A legal status means business owners can enter into an agreement, owe and pay debts, sue and can be sued.

    Sole proprietorship, partnership, association, limited liability companies or a trust company are examples of business entity.

    Business entity like sole proprietorship does not have separate legal status. What this means is that the owner cannot be separated from the business because it is owned and controlled by one person while others have separate legal status.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Is your business owned by a business entity what does that mean ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What are the steps to teach your horse to show jump?
Answers (1)
Scenario 2: an investment tax credit effectively lowers the tax bill of any firm that purchases new capital in the relevant time period. suppose the government implements a new investment tax credit.
Answers (1)
High-demand sporting or concert events have encountered an expensive, often illegal, form of pricing where tickets are resold at a much higher price than what it was originally bought for. This practice is called ticket scalping. True or false?
Answers (1)
Suppose that you take $150 in currency out of your pocket and deposit it in your checking account. If the required reserve ratio is 8%, what is the largest amount (in dollars) by which the money supply can increase as a result of your action?
Answers (1)
Viral marketing refers to?
Answers (1)
New Questions in Business
Determine which of the following countries would be classified as 'growth miracles' or 'growth disasters'.
Answers (1)
The valuation of a common stock today primarily depends on:A, the number of shares outstanding and the number of its shareholders. B. its expected future dividends and its discount rate. Ct Wall Street analysts.
Answers (1)
Consider a bp gas station. as a result of an economic recession and decreases in consumer incomes, there will be a:
Answers (1)
You purchased 600 shares of SLG, Inc. stock at a price of $41.20 a share. You then purchased put options on your shares with a strike price of $45.00 and an option premium of $1.10. At expiration, the stock was selling for $48.30 a share.
Answers (1)
Which of the following statement is true? a. The demand for puma shoes is more elastic than the demand for shoes b. The demand for Cheerios is less elastic than the demand for cereal c. Products with many complements have a more elastic demand d.
Answers (1)
Home » Business » Is your business owned by a business entity what does that mean
Sign Up Forgot Password?