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What are the sources of funds of a sole proprietorshippartnership and a company?

Sole proprietors can apply for loans at the bank to start a business. They can also use their savings and 401Ks to finance their business.


What is the difference between internal and external sources of finance?

Internal sources is finance which comes mainly frown own funds, profits and depreciation The main internal sources of finance for sole proprietors are as follows; · Owner's funds · Selling personal assets · Profits · Depreciation External sources is capital obtained from financial institutions, such as banks, and from individuals willing to provide finance. The main external sources of finance for sole proprietors are as follows; · Bank loans · Mortgage loans · Grants and loans · Hiring and Leasing


Do sole proprietors need a business license to operate legally?

Yes, sole proprietors typically need a business license to operate legally.


Do sole proprietors pay self-employment tax?

Yes, sole proprietors are required to pay self-employment tax on their business income.


Unlimited liability means that sole proprietors are completely responsible for the what of their business?

Unlimited liability means that sole proprietors are completely responsible for the debts and obligations of their business. This means that if the business incurs debt or faces legal issues, the owner's personal assets can be at risk to satisfy those liabilities. Unlike corporations, where liability is limited to the assets of the company, sole proprietors do not have that protection. Therefore, they must be cautious in managing their business finances.

Related Questions

What are the sources of funds of a sole proprietorshippartnership and a company?

Sole proprietors can apply for loans at the bank to start a business. They can also use their savings and 401Ks to finance their business.


What do proprietors do?

Proprietors own a business of some sort.


Were proprietors supporters of slavery?

Yes, the proprietors were the supporter of slavery.


Can The Down Payment Be Borrowed?

Ideally the customer will put a minimum of 10% that belongs to their funds in to the project. The down payment could be lent, but proprietors must reveal that there are sufficient earnings to service your debt.


Who were the Proprietors that took over South Carolina?

The Lords proprietors took over South Carolina in 1617.


Who was the first proprietors in Georgia?

The first proprietors of Georgia were the lords proprietor: James Ogelthrope


What is the difference between internal and external sources of finance?

Internal sources is finance which comes mainly frown own funds, profits and depreciation The main internal sources of finance for sole proprietors are as follows; · Owner's funds · Selling personal assets · Profits · Depreciation External sources is capital obtained from financial institutions, such as banks, and from individuals willing to provide finance. The main external sources of finance for sole proprietors are as follows; · Bank loans · Mortgage loans · Grants and loans · Hiring and Leasing


When did the dominance of the lords proprietors in the grand council end?

In 1682 Dominance of the Lords Proprietors in the Grand Council ends.


What is the web address of the Proprietors Of The Salem Athenaeum in Salem Massachusetts?

The web address of the Proprietors Of The Salem Athenaeum is: www.salemathenaeum.net


Who were the lord proprietors and what was their role in the colony?

they were as


Who is the citizen that request that the lord proprietors take over the Bahamas?

Who was the citizen who requested that the proprietors take over the Bahamas


Why did most proprietors become unhappy that the king of England repaid their favor with a colony?

You may wish to be more specific as to which proprietors you are talking about.