Asked by Apiwe Xozwa on May 19, 2024
Verified
A proprietor's opportunity to raise capital for a sole proprietorship is limited.
Capital
Financial assets or other resources available to individuals or businesses to fund operations, investments, or growth.
Sole Proprietorship
A business structure where a single individual owns and operates the business, bearing unlimited personal liability.
Proprietor's Opportunity
This term is not commonly defined in financial or business glossaries as a standalone concept. It may refer to entrepreneurial opportunities or advantages available to a business owner but lacks a standard definition.
- Identify how the decision on the form of business affects liability and tax commitments.
Verified Answer
Learning Objectives
- Identify how the decision on the form of business affects liability and tax commitments.
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