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Sole Proprietorship:to make profit for its owner

Public corporation:to make dividend for its stockholders

Non-profit corporation: to benefit a special cause

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JIMMY EDGE22

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4y ago

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What is the type of business that the owners are not fully respnsible for the debts?

The type of business where owners are not fully responsible for the debts is typically a limited liability company (LLC) or a corporation. In these structures, the owners (members or shareholders) enjoy limited liability protection, meaning their personal assets are generally protected from business creditors. This structure limits their financial risk to the amount they have invested in the business.


What are the form and type of business organization?

THE type of business is that they are different from each other e.g private and public partnership


What is a small business club?

These are association set up so that small business owners can meet and discuss issues encountered, network and get information regarding opportunities for their business type.


Match each type of business with one of its features?

There are many types of business and their respective features. One business is the grocery store and one of its features is that it sells food.


What type of business is a mixture of private personal ownership and aspects of a corporation that delegates liability status of the person from the business?

The type of business you are describing is a Limited Liability Company (LLC). An LLC combines elements of both personal ownership and corporate structure, allowing owners (called members) to enjoy limited liability protection, meaning their personal assets are generally protected from business debts and liabilities. This structure also offers flexibility in management and taxation, making it a popular choice for small business owners.

Related Questions

Match each type of business with each one of its features?

There are many types of business and their respective features. One business is the grocery store and one of its features is that it sells food.


Which type of business organization does not end when the owners die?

corporation


What is the type of business that the owners are not fully respnsible for the debts?

The type of business where owners are not fully responsible for the debts is typically a limited liability company (LLC) or a corporation. In these structures, the owners (members or shareholders) enjoy limited liability protection, meaning their personal assets are generally protected from business creditors. This structure limits their financial risk to the amount they have invested in the business.


Which type of account is capital?

Capital is an equity account and liability of business to payback as it is the amount invested by owners in business.


Match each type of financing with the method used to obtain i?

Venture capital: Group of investors; Angel investment: Wealthy individual; Business loan: Private bank.


Can relatives give each other blood regardless of blood type?

No. You must match type.


What taxes do business owners pay on their profits and income?

Business owners typically pay income tax on their profits and income. Additionally, they may also be subject to self-employment tax, payroll taxes, and other business-related taxes depending on the type of business structure they have.


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.


Which type of business organization has shareholders?

A corporation is the type of business organization that has shareholders. Other organizations call the owners by other names such as a partner in a partnership and a member of a limited liability company.


What types of information about their businesses would owners be willing to provide bankers?

What type of information about a business would owners be willing to provide to bankers about al loan?


What type of information about a business would owners not be willing to provide to bankers about al loan?

What types of information about their businesses would owners be willing to provide bankers


What are the form and type of business organization?

THE type of business is that they are different from each other e.g private and public partnership