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I would assume that a sole proprieter can file bankruptcy ,because they own there business. It's not like a partnership where two people have decided to go into business together and then then one decides to go file bankruptcy. It doesn't work that way! If a partnership files for bankruptcy then there should be an agreement between the two of them that the business is failing .
What else can I help you with?
What are the benefits of forming a partnership business?
your skills
Managerial problems of sole proprietorship?
benefits of a Partnership
What is a legal partnership that provides the benefits of marriage to same-sex couples?
Civil unions are the legal partnership that provides the benefits of marriage to same-sex couples. Also, it is known as a marriage and, in Europe, a civil partnership. Let's not forget marriage, which also provides the benefits of marriage to same-sex couples.
What is a legal partnership between two persons of the same sex typically used to provide the benefits of a marriage known as?
A legal partnership between two people typically used to provide the benefits of a marriage to the same sex couples is known as a civil union, civil partnership or domestic partnership.
What are the benefits of inter-agency partnerships?
benefit of the inter-agency partnership
What are the benefits of inter agency partnerships?
benefit of the inter-agency partnership
Can you tell me about the Indigo partnership with Qatar Airways and how it benefits travelers"?
The partnership between Indigo and Qatar Airways offers benefits to travelers by providing more flight options, seamless connections, and enhanced loyalty rewards.
What does the Combined Heat and Power partnership do?
The combined heat and power partnership program seeks to reduce the environmental impact of power generation, and also seeks economical benefits. They work with energy users.
What is a “Limited Liability Partnership” or “LLP”?
LLP or Limited Liability Partnership has become a popular form of organization among entrepreneurs in India. A Limited Liability Partnership gives the benefits of a Company & a Partnership Firm. An LLP in India is a Partnership Firm established by at least 2 Partners who enter into an LLP Agreement. However, the LLP Partner have limited liability and the LLP has perpetual succession just like a Company.
What are the opportunity costs and benefits for partnership?
Benefits: Share in responsibility, Easier to raise capital together. Opportunity Cost: Share in revenue, Possibility of the partner not putting in enough or as much effort.
What are the benefits of monogamy polygamy?
That would be difficult to say as in the society's where polygamy is permitted women are usually in a second class position. as a matter of fact they could get into deep trouble if they complained about their position. In western societys it is frowned upon for no more then cultural/ religious reasons and the fact is that the benefits or otherwise would vary from partnership to partnership.
What is the difference in a LLC or corporation?
In brief and generally, an LLC has the legal protections of a Corporation for its owners while having the tax benefits of a Partnership.
