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No!

Entrepreneurs come in all sizes and shapes from Architect employees to Zebra herders (might as well have some humor).

Entrepreneurs have a definition that is related to their wealth and success not how they got it. Though their are some rules to how they got it (you can't rob a bank) but other than that small rule you probably pass hundreds of them in your everyday life. (they aren't as exclusive as your TV says)

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16y ago

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Who are the true owners of a sole proprietorship?

The true owner is as it states a sole proprietor. One person owns and controls all aspects of the business and accepts all liabilities of said company.


True or false entrepreneurs are willing to take the initiative and assume risks when starting new businesses?

True


Why do many business owners prefer corporations over other forms of business organization?

If a business is a sole proprietorship (one owner) or a partnership (more than one owner) and it fails financially then the owners can be liable for the debts of the business. This means that any assets (houses, cars, personal bank accounts) can be seized and sold to satisfy the creditors of the business. However, if the business is incorporated (Inc.) then if it fails only the assets held by the corporation itself can be attached. The "officers" of the corporation (usually the true owners) are not liable for the debt as long as they did not do anything illegal within the framework of the business/corporate contract. So by incorporating the owner is protecting his personal assets as separate from the business.


True or false a business organization that sells shares a stock to investors is a corporation?

true


T or f there are legal questions involved when choosing an appropriate business organizational form?

True. Choosing an appropriate business organizational form involves several legal considerations, including liability, taxation, and regulatory compliance. Different structures, such as sole proprietorships, partnerships, corporations, and LLCs, have distinct legal implications that can affect personal liability and tax obligations. It's essential for business owners to understand these factors to make informed decisions and ensure legal compliance.

Related Questions

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Strikes were often broken by business owners and the government.


Are all entrepreneur businessmen?

That is true, all entrepreneurs are businessmen.


Which of theswhich statement about why Queen Liliuokalani lost her kingdom is true?

Queen Liliuokalani lost her kingdom because American business owners seized control of Hawaii.


Which is true of the struggle of labor unions to obtain workers rights?

In disputes between workers and business owners, government often supported owners


What is statement a true about the growth of the suburbs?

the growth of suburbs encouraged innovation in business (apex)


A research study shows that entrepreneurs managing small businesses in Pakistan consider formal business planning a mere wastage of their precious time Do you agree or disagree support your argume.?

Yes it is true that entrepreneurs managing small businesses in Pakistan and wastage of their precious time. As we know that the entrepreneurs of Pakistan effort to become wealthy overnight and without having to move up the ladder gradually. This overconfidence and lack of understanding for proper business techniques causes the demise of many entrepreneurial ventures. If we see that there are large number of smaal businesses in Pakistan and in many cities womens work at home and work as a business but if these womens enter into the market and an increasing number of women are fighting for their right to enter into the business world, entrepreneurship amongst women is giving rise to some excellent business ventures.


What statement about why queen liluokalani last her kingdom is true?

American business owners seized control of Hawaii


What is true about consumer boycotts?

Consumer boycotts were an effective tool in forcing business owners to pass safety laws


Which of the following statement is true about absenteeism is false?

Successful business owners adopt tough policies with respect to unjustified absences


Do most successful entrepreneurs have a low tolerance for ambiguity?

True.


Is it true that entrepreneurs earn profits?

Some, but majority don't


Is it true are false When a small business needs help collecting delinquent payments they should turn to the IRS for assistance?

is this true or false, When a small business needs help collecting delinquent payments, they should turn to the IRS for assistance.