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3 years ago

What are the three legal forms of business organization? What are the advantages and disadvantages of each one

Business

1 answer:

My name is Ann [436]3 years ago

7 0

Answer:

Explanation:Three legal form of business organization

(1)sole proprietorship:-this is a one man business the PROPRIETOR. He runs the total affairs of the business

Advantages:-The owner has the final says

He enjoys all profits

Disadvantage:-the owner bears the loss alone.

His death can end the business..

(2)PARTNERSHIP:-It is a business owned by two or more people called partners..

advantages:-fund raising is easy..

They bring experience together..

Work load is shared.

Disadvantages:-profits is sheared..

Disagreement can set in and end the business

Death of some partners can end the business..

LIMITED LIABILITY COMPANY:-A limited liability company is a corporate structure whereby the owner are not personally liable for the company's debt or liabilities. Limited liability companies are hybrid entities that combines Tue characteristics of a corporation with those of a partnership or sole proprietorship..

Advantage:-transfer of ownership is easy..

Disadvantage:-exploitation of share holders..

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Top earning game of USA

padilas [110]

Answer:

Clash of Clans by Supercell

Explanation:

According to Góogle Play ranking as of April 2021, the top-earning game of the USA is Clash of Clans by Supercell.

This game is available on the Andriod operating system. and it has been in existence since 2012. It currently has close to a billion downloads across platform different website platforms.

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3 years ago

Novak Corp. has these accounts at December 31: Common Stock, $12 par, 5,500 shares issued, $66,000; Paid-in Capital in Excess of

PSYCHO15rus [73]

Answer:

Total stockholders equity = $118,000

Explanation:

Novak Corp.

Balance sheet (stockholders' equity section)

As a December 31 20YY

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Common stock ($12 per, 5,500 share issued) = $66,000

Paid-in Capital in Excess of Par Value - Common stock = $19,000

Less: Treasury Stock (500 shares) = ($11,000)

Shares outstanding (5000 shares) = $74,000

Retained Earnings = $44,000

Total stockholders equity = $118,000

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3 years ago

Which organization does not provide free or loss cost training and counseling associated with the Small Business Association

xeze [42]

The organization that does not provide free or loss cost training and counseling associated with the Small Business Association is IBRD.

<h3>What is Small Business Association?</h3>

A Small Business Association are agencies that provides resources (like capital, skill, advice) to small businesses for innovation, growth etc

SCORE, VBOC and WBC are all agencies that provide free mentoring services, free training, loss-cost training, counseling etc

Hence, the organization that does not provide free or loss cost training and counseling associated with the Small Business Association is IBRD

Therefore, the Option A is correct.

Read more about Small Business Association

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3 years ago

A _____ is a document that outlines specific information about your proposed business, including product, location, and marketin

Ann [662]

Answer:

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Explanation:

A business plan is a structured document that contains company goals, strategies, product and market details, and plans for every major aspect of the company.

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olasank [31]

Answer: Apex 5.5%

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