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Is walmart a sole proprietorship?
i think its not sole propreitorship its a corporation...
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on the basis of ownership a business can be classified : 1) Sole Propreitorship 2) Partnership firm 3) in the form of Company.
How business classified?
on the basis of ownership a business can be classified : 1) Sole Propreitorship 2) Partnership firm 3) in the form of Company.
What are the characteristics of sole propreitorship?
A sole proprietorship is one in which the owner maintains complete and sole ownership of the business but there fore is also solely responsible for all the businesses debts. In establishing a sole proprietorship there are no legal requirements other than obtaining a local business license and all applicable permits. All losses of the business are taxed at the owner personal income tax rate. The biggest drawback of a sole proprietorship is the unlimited personal liability for any and all of the businesses debts. A sole proprietorship can be a wonderful thing in that that profits are yours alone to disburse or accumulate, however, any large losses can be debilitating.
What is a business owned by one individual called?
propreitorship answer #2 It may be any form of business, a proprietorship, a corporation or a limited liability corporation. In a single owner situation for the corporate or LLC structures one person owns all of the stock. Obviously it can't be a partnership since a partnership assumes more than one partner. The corporate sturcture is often used bu individuals for allow som protection for their assets although the income may have some tax implications as corporate income and then personal income.
What are different types of bank accounts present in India?
Demat account NRE A/c NRO A/C FCNR A/c Sb a/c -Savings bank account CC a/c - Cash credit account CA a/c - Current account Salary Account Recurring deposit account Overdue account - OD a/c Fixed deposit account Propreitorship account Partnership account Firm account Company account == ==
