Study your flashcards anywhere!

Download the official Cram app for free >

  • Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off
Reading...
Front

How to study your flashcards.

Right/Left arrow keys: Navigate between flashcards.right arrow keyleft arrow key

Up/Down arrow keys: Flip the card between the front and back.down keyup key

H key: Show hint (3rd side).h key

A key: Read text to speech.a key

image

Play button

image

Play button

image

Progress

1/5

Click to flip

5 Cards in this Set

  • Front
  • Back
  • 3rd side (hint)
sole proprietorship


3
1. one person owner
2. easiest
3. least expensive to start
LION
major disadvantages of SP


5
1. unlimited liability
2. owner resp. for all debt
3. owner may not recognize prob
4.need lots of $$ to start
5. when owner dies, bus. dies
$$$
partnership
1. 2 or more people own bus.
2 types of partnerships


4
1. general - all partner =
2. limited - some people run
- others invest
advantages of partnerships


2
1.same as proprietorships
2. same tax advantages