Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 21, 2024

QUESTION Please explain in thorough and great detail, the following three forms of businesses 1. Sole trader 2. Partnership 3. Limited liability company Briefly state

QUESTION

Please explain in thorough and great detail, the following three forms of businesses

1. Sole trader

2. Partnership

3. Limited liability company

Briefly state the start up and dissolution process of each.

explain the Advantage and disadvantages of each.

Which option would be best

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: John J Wild, Ken W. Shaw, Barbara Chiappetta

7th edition

1260482936, 978-1260482935

More Books

Students also viewed these Accounting questions

Question

★★★★★

(a) What is Avogadro's number, and how is it related to the mole? (b) What is the relationship between the formula weight of a substance and its molar mass?

Answered: 1 week ago

Question

★★★★★

True and False. All current liabilities should be excluded while computing capital employed.

Answered: 1 week ago

Question

★★★★★

The minimal cut sets are {1, 2, 3}, {2, 3, 4}, and {3, 5}. What are the minimal path sets?

Answered: 1 week ago

Question

★★★★★

Rollins Publishing needs to decide what textbooks from the table at the top of the next column to publish. For each book, the maximum demand, fixed cost of publishing, variable cost, and selling...

Answered: 1 week ago

Question

★★★★★

Explain why testing can only detect the presence of errors, not their absence .

Answered: 1 week ago

Question

★★★★★

14. After all transactions have been journalized and posted to the accounts, a trial balance will be prepared. The purpose of this is to: A. Determine whether there is enough cash to pay dividends....

Answered: 1 week ago

Question

★★★★★

Question What support did you provide your team members throughout this period? How did you recognise individual staff members' efforts? odm How did your encourage your team to take responsibility...

Answered: 1 week ago

Question

★★★★★

Overview: On-demand air transportation is regulated by the Federal Aviation Administration (FAA) for purposes of aircraft operation and maintenance. The text identifies the essential regulations on...

Answered: 1 week ago

Question

★★★★★

Data Dude ("Dude") entered into a contract with Client Corp. ("Client") on May 1 to create a website for their new product launch.The contract calls for Dude to devote his full time and effort to the...

Answered: 1 week ago

Question

★★★★★

The CM method facilitates concurrent project activities, some work on the project site can begin before construction documents are entirely complete. The CM method facilitates concurrent project...

Answered: 1 week ago

Question

★★★★★

On 1 July 2016, Rock Ltd acquired ( ex div .) all of the issued capital of Wallaby Ltd. The recorded equity of Wallaby Ltd at this date consisted of: Share capital$120 000 General reserve25 000...

Answered: 1 week ago

Question

★★★★★

9. What is a critical consideration when selecting the structure and staffing models for IR teams? o A) The color scheme of the team's uniform o B) The need for 24/7 availability o C) The team's...

Answered: 1 week ago

Question

★★★★★

13. In the statements below, put a cross for the statement you feel characterizes yourself best when you communicate with others. Its not necessarily the way you know you should communicate, but the...

Answered: 1 week ago

Question

★★★★★

8. What values do you want others to associate you with?

Answered: 1 week ago

Question

★★★★★

15. Now rank from 1 to 5 the areas that you think are most important to emphasize when communicating with others (1 is least important and 5 is most important to you). If you think it all depends on...

Answered: 1 week ago

Previous Question Next Question