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A business owned by many people but treated by law as one person is typically a corporation. In this legal structure, the corporation itself is recognized as a separate entity from its owners (shareholders), allowing it to enter contracts, own property, and be liable for debts independently. This separation provides limited liability protection to shareholders, meaning they are not personally responsible for the corporation's debts beyond their investment. It also facilitates easier transfer of ownership through the sale of shares.
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A business owned by one person?
Sole Proprietorship.
When only one person owns a business it's called?
Sole Proprietorship is a business owned by one person
What is a business owned by to or more people?
partnership
What is a business owned by one person is?
i am sure this is called PROPRIETOR
What is a business owned by two or more people?
partnership
What is an organization owned by many people but treated by law as thought it was a single person?
Corporation
What is a organization owned by many people but treated by law a though it were a single person?
a corporation
What is business with the legal rights of a person and which may be owned by many people?
A corporation is a business that is owned by many people but by law acts as a single entity, separate from its members.
What is a business owned by two or more person?
A business owned by two of more people is called a partnership. There are general, limited, and limited liability types of partnerships.
What is soletrade?
is a business owned by one person
Which term refers to a business that is owned and controlled by one person?
sole proprietorship refers to a business that is owned and controlled by one person.
What is a business owned and ran by one person?
A business owned and operated by one individual is known as a sole proprietorship.
A business owned by one person?
Sole Proprietorship.
What are the three types of business entities and how do they differ?
The three types of business entities are a sole proprietorship, a partnership, and a corporation. A sole proprietorship is owned by one person, a partnership is owned by two or more people, and a corporation is a business entity separate from its owners.
When only one person owns a business it's called?
Sole Proprietorship is a business owned by one person
What is a business owned by to or more people?
partnership
What is a business owned by one person is?
i am sure this is called PROPRIETOR
