Requirements are required to start sole proprietorship

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Reference no: EM132195206

1. In which of the following entities do all owners have limited liability for all business debts?

a. Corporations

b. Partnerships

c. S-Corporations

d. Both a and c

2. What formal requirements are required to start a sole proprietorship?

a. File Articles with the Secretary of State.

b. None.

c. $75 filing to the Secretary of State.

d. Formal written business agreement.

3. Which of the following entities does not have "pass-through" taxation?

a. C Corporation

b. Partnership

c. S Corporation

d. Limited Liability Company

4. Which of the following are among the risks of off-shoring?

I. Vulnerability to currency exchange rate fluctuations.

II. Loss of intellectual property.

III. Vulnerability to increases in shipping costs.

IV. Vulnerability to opportunistic behavior by the supplier.

V. Ability to gain access to overseas talent – in particular, in science and engineering.

1) III and IV only

2) I, II, III, and IV only

3) V only

4) all of the above

5) I only

Reference no: EM132195206

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