Why are there more sole proprietorships than any other business entity in the US?

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Entrepreneurship

ISBN: 9781975076344

1st Edition

Authors: OpenStax

See More Books

Question Posted: Oct 19, 2023 03:27 AM

See More Questions

The final project for this course is the creation of a memorandum with an appendix of supporting IRS forms and schedules . Working as an accounting associate in a financial organization requires the...
Now that you have background on ethics and a set of skills for evaluating ethical issues, the application to real-life dilemmas seems fairly straightforward. However, there is one additional aspect...
Reprinted with permission from The Parable of the Sadhu, by Bowen H. McCoy, Harvard Business Review. Copyright Harvard Business Publishing. Last year, as the first participant in the new six-month...
Bilge Pumpworks and Seaworthy Rope Company agreed to merge on January 1, 20X3. On the date of the merger agreement, the companies reported the following data: Bilge Pumpworks has 10,000 shares of its...
Today is day 4 of the planning cycle. Sequence the following jobs by FCFS, SPT, SLACK, and DDATE. Calculate the mean flow time and mean tardiness for each sequencing rule. Which rule would...
Distillation column C3 in Figure separates stream 5 into streams 6 and 7, according to the material balance in Table 1.5. A suitable column for the separation, if carried out at 700kPa, contains 70...
17.6A Colney Brighouse Limited makes office furniture. The company's directors are preparing sales and production forecasts for January, February and March 20X4. Sales forecasts in units for its two...
Suppose there are 10 individuals with values as follows: {10, 8, 8, 8, 8, 8, 8, 4, 0, 0}. Construct a demand schedule (table), and calculate the marginal revenue of the second unit sold.
Pierce & Company provides the following information concerning the work in process at its plant: Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are...
A joint venture ________. A. Must be a corporation B. Can choose to be any type of entity C. Must be either a partnership or a C corporation D. None of these choices are correct
Limited liability partnerships (LLPs) ________. A. Are normally used for firms that consist of licensed professionals such as lawyers or accountants B. Can be used for partnerships that sell services...
On January 1, a public school district issued $6 million of 6 percent, 15-year coupon bonds to nance a new building. The bonds, which require semi-annual payments of interest, were issued for...
In 2022, Andrew, who is single, has a comfortable salary from his job as well as income from his investment portfolio. However, he is habitually late in filing his federal income tax return. He did...
1. What is the cost of direct materials used? 2. What is the cost of indirect materials used? 3. What is the cost of direct labour? 4. What is the cost of indirect labour? 5. What is the cost of...
Finding Critical Values. In Exercises 5-8, find the critical value za/2 that corresponds to the given confidence level. 5. 90% 6. 99%
You are an attorney at the law firm that represents Danfield's Auto Express. Your supervisor, Attorney Donna Defense, wants you to draft an internal memorandum of law to her assessing whether or not...
I desperately need help in this assignment, please help me!! Case Study Assignment You have recently been recruited by Velvet Chocolates Lid, a chocolate manufacturer, as an assistant management...
Do any aspects of this chapter's contents and the processes described bear any similarity to the processes described throughout previous chapters in this book? Explain and describe what they are?
A new car sold for $31,000. If the vehicle loses 15% of its value each year, how much will it be worth after 10 years?
Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual interest rate of 6%, and payable in four months. How much interest will Marathon Peanuts owe at the...
An employee and employer cost-share 401(k) plan contributions, health insurance premium payments, and charitable donations. The employer also provides annual vacation compensation equal to ten days...
In EA14, you prepared the journal entries for the employee of Toren Inc. You have now been given the following additional information: May is the first pay period for this employee. FUTA taxes are...
Ron (78) is single and retired many years ago. during the tax year, he received a federally taxable private pension distribution of $19563. His Ohio income tax base is $55194. What is the amount of...
On January 1, 2020, Victory Co. acquired 60% of the shares of Sauce Ltd. by issuing shares valued at $1,500,000. On this date, Sauce Ltd.'s building and machinery had remaining useful lives of 10...
Anderson Co. issued a $59,335, 60-day, discounted note to National Bank. The discount rate is 7%. At maturity, assuming a 360-day year, the borrower will pay a.$60,027 b.$59,335 c.$55,182 d.$58,643

Why are there more sole proprietorships than any other business entity in the US?

Question:

Step by Step Answer:

There are more sole proprietorships in the US than any other business entity primarily because they ...View the full answer

Entrepreneurship

Students also viewed these Business questions