Sole proprietorship is owned by one person. Why LLC is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation
If this condition arises where a business can't able to pay it's debt, creditors can expect the owner to pay the debts with their personal assets of business is called- General Partnership or Sole Proprietorship.
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What is sole proprietorship?</h2>
A sole proprietorship is an unincorporated company that is run and owned by one person. This type of business structure is the simplest because there is no legal distinction between the owner and the business.
The proprietor or dealer who owns the business uses their legal identity to carry on business. By registering a trade name with their local authority, they can also decide to conduct business under a different name.
This kind of business is the least expensive to launch. Small enterprises, independent contractors, and other people who work for themselves frequently use it because of this.
When the business owner decides or upon their passing, a sole proprietorship starts and ends.
To know more about Sole Proprietorship, refer to-
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Answer:
The answer is: A) Jamie is very organized; Stella is very cooperative.
Explanation:
The Big 5 personality traits is a model used by psychologists to try to describe a person´s personality and how it affects their working behavior.
The five traits (or factors) used in this model are:
- Openness: is a person curious or cautious
- Conscientiousness: is a person organized or careless
- Extroversion: is a person outgoing or prefers solitude
- Agreeableness: is he friendly or takes little interest on others
- Neuroticism: is a person emotionally unstable or secure
If you follow through this model, Jamie and Stella would be the best possible candidates for a software start-up. They show high conscientiousness, extroversion and agreeableness.
No one has all the right possible combinations of good personality traits, but with this model you try to avoid problems and facilitate team work.
Answer:
$200,000,000
Explanation:
Given that:
Amount of securities purchased = $10 million
Desired reserve ratio = 0.05
The bank's excess reserve :
Money multiplier * amount of securities purchased
Money multiplier = 1 / reserve ratio
Money multiplier = 1 / 0.05 = 20
Excess reserve = 20 * $10,000,000
Excess reserve = $200,000,000
