Indicate whether each of the following business entities is more likely to be established as a sole

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Indicate whether each of the following business entities is more likely to be established as a sole proprietorship (SP), partnership (P), or corporation (C). Provide reasons for your choice.
a. A bottled water company that operates out of Quebec and delivers bottled water to offices, businesses, and homes in Quebec
b. A dental practice with four dentists
c. A company that employs tree cutters and contracts out their services to logging companies
d. A dog kennel operation that raises and trains guard dogs
e. A national chain of building supply stores
f. A picture-framing business operating out of a mall location in Hamilton, Ontario Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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Financial Accounting A User Perspective

ISBN: 978-0470676608

6th Canadian Edition

Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry

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