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A firm jointly owned and run by two or more people who share all profits and losses is a?
Wiki User
∙ 12y ago
A firm jointly owned and run by two or more people who share profits and losses is a partnership.
Wiki User
∙ 12y ago
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Which type of business does the owner not have to share any profits?
privately owned business owners share no profits. they pay taxes and that is not sharing profit.
What are not key ideas of capitalism?
All companies should distribute their profits evenly throughout the population.The means of production should be owned by the state.all companies should distribute their profits evenly throughout the populationThe government should guarantee a basic standard of living for everyone.The means of production should be owned by the stateThe means of production should be owned by the stateAll companies should distribute their profits evenly throughout the population.The Government should guarantee a basic standard of living for everyone(apex)
What is the economic system in which means of production and distribution are privately owned and operated for profit under competitive conditions?
The definition of capitalism is an economic system in which the means of production and distribution are privately or corporately owned and the operations are funded by profits. An example of capitalism is the prison system in the United States being operated by private companies.
What is the economic system in which the means production and distribution are privately owned and operated for profit under competitive conditions?
The definition of capitalism is an economic system in which the means of production and distribution are privately or corporately owned and the operations are funded by profits. An example of capitalism is the prison system in the United States being operated by private companies.
What is the key principle of a market economy?
businesses are owned by the people collectively
A firm owned by a single person who shares profits and losses with no one else is a?
sole propietorship
What percentage of the proceeds is due to the wife when a property is sold?
If the property is owned jointly, the wife is entitled to 50% of the proceeds.If the property is owned jointly, the wife is entitled to 50% of the proceeds.If the property is owned jointly, the wife is entitled to 50% of the proceeds.If the property is owned jointly, the wife is entitled to 50% of the proceeds.
Can the IRS seize a jointly owned vehicle?
Yes, the IRS can seize a jointly owned vehicle if one of the co-owners owes taxes. They have the authority to enforce tax collection by levying assets, including jointly owned property.
Your husband and you are separated and he has a personal loan in his name alone that is secured by your jointly owned appliances and furniture Can lenders repossess jointly owned items if he defaults?
Yes.
What is jointly owned holiday property called?
timeshare
When one spouse has a judgment enter on them can they levy property that is jointly owned by the other spouse?
In Michigan can jointly owned real estate by used to satisfy a judgement against one of the joint owners?
Can a non-profit have a non-profit division?
Yes. Non Profits can manage other non profits, similar to a wholly owned subsidiary in the for profit world.
Can a husband have access to a jointly owned home after he walked out two years ago?
Theoretically, yes. Unless you filed for legal seperation, then he would have legal access to jointly owned property. You can file a restraining order, however.
Can you put a lien on someone's home that is owned jointly and they are going through a divorce?
The number of people that own a home and what goes on between them does not affect the placement of liens.
Can you trade in a car on your own that is jointly owned?
NO, both owners must sign the transfer.
Can a judgment creditor foreclose on property jointly owned if only one person was named on the judgment?
No
What protection do your business partners have if you have a judgment placed against you?
Obviously it is not related to the business and therefore as a personal affair, it would have no effect upon a jointly owned business. Creditors generally cannot take action against jointly owned business when there is a sole debtor.
