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propreitorship
answer #2
It may be any form of business, a proprietorship, a corporation or a limited liability corporation. In a single owner situation for the corporate or LLC structures one person owns all of the stock. Obviously it can't be a partnership since a partnership assumes more than one partner. The corporate sturcture is often used bu individuals for allow som protection for their assets although the income may have some tax implications as corporate income and then personal income.
Wiki User
∙ 9y ago
Wiki User
∙ 12y agoOwnership and operation of a company does not directly determine the legal structure of the company. When a company is established, it can either be established as a separate legal entity with a separate Tax ID number or run under an individual's Tax ID number. When a company is run under an individuals Tax ID number, it takes on a "fictitious name" and is run as a Sole Proprietorship. A business run as a separate legal entity such as a corporation or a Limited Liability Company (LLC) can still be owned and operated by a single person. There are typically tax and legal benefits to setting a company up as a separate legal entity, but sometimes the costs involved lead the individual to run the business as a Sole Proprietorship.
Wiki User
∙ 12y agosole proprietorship
Wiki User
∙ 13y agoThis is called a sole proprietorship.
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What is the roman cenaculum?
In the apartment buildings, the individual apartments in each block were called cenacula; an individual family would occupy one cenaculum
Most white southerner families owned at least one slave?
True! NEW RESPONDENT. False. In 1860 there were in the South (incl. the so called Border States) about 8,775,000 white inhabitants of which: 6 100 000 owned no slave, 1 400 000 owned between one and ten slaves, 300 000 owned between ten and twelve slaves, 200 000 owned more than twenty slaves.
What was one of the results from the Boxer Rebellion?
The Boxers attacked Western-owned factories The Boxers attacked churches and railroads. The Boxers wanted to end Western influence.
Who are the founding fathers that owned wineries or vineyards?
Thomas Jefferson, for one.
What are the descendants of one individual and is shown by a special diagram?
The descendants of one individual are shown by a special diagram called a family tree or pedigree chart. This diagram displays the lineage and relationships of individuals in a family, indicating who the descendants of a particular individual are, as well as their offspring and subsequent generations. It helps to visually understand the family's genealogy and track the flow of traits or genetic disorders through generations.
What is a business called when it is owned by one individual?
The business is classed as being a self-employed sole trader.
What is a business owned and ran by one person?
A business owned and operated by one individual is known as a sole proprietorship.
What is a business owned by one person is?
i am sure this is called PROPRIETOR
What is a private car?
A private car is normally one owned by an individual or family. Business or commercial are owned or leased by companies for business purposes and are retained under the company name
When only one person owns a business it's called?
Sole Proprietorship is a business owned by one person
A business owned by one person who takes all the profit is called what?
Sole Proprietorship
What is the simplest form of business owned and operated by one person is called?
S-corporation
What kind of company qualifies as a sole proprietorship?
A sole proprietorship is a type of business entity that is owned and run by one individual. This means there is no legal distinction between the owner and the business.
What is soletrade?
is a business owned by one person
Which term refers to a business that is owned and controlled by one person?
sole proprietorship refers to a business that is owned and controlled by one person.
Another name for a business owner?
If a business is unincorporated and owned by one person, that person is also called a sole proprietor. Shareholders are the owners of businesses of any size that do business in the corporate form. An owner in an LLC is called a member.
Can you Outline and explain the different types of business organisation in the business environment?
there are two mainly tyapes of bte business organization namely privately owned and public owned business. in private ownsd business organization are three tyapes namely solepropriator business organization this is one whicha is owned by an individual alone especially family business as an example then the second is partirnership business organization this is the one in which people with same concern join to make a business operation intending to earn profit and the last is joint stock company in this business operates distinctly from owners this means the business is operated under the three documents which are the constitution governing the business one article of association secondly memorandum.
