Question

Bhat and Cho do business as Data Security, a partnership. In most states, for the purposes of collecting judgments and having accounting performed, this firm would be treated as

Answer 1

The fact that the business that Bhat and Cho do as Data Security, means that for the purpose of collecting judgements and having accounting performed, most states would treat the firm as an independent entity.

What is an independent entity?

An independent entity is one that does not get counted along with the assets of its owners or partners. In other words, it is independent of the affairs of its owners and is treated as having its own identity.

In this case, the Data Security partnership that Bhat and Cho have will be treated as a separate entity from them which makes it an independent entity.

This is purely for the purpose of collecting judgement and having proper accounting records kept. And even at that, not all states in the United States will require this.

In conclusion, this is an independent entity.

Find out more types of entities at brainly.com/question/9993254

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