Asked by Kelley Mcbride on May 14, 2024
Verified
Chase, the owner of Data Master, a sole proprietorship, wants to obtain additional business capital. This opportunity is most likely limited to
A) borrowing funds.
B) bringing in partners.
C) issuing stock.
D) selling the business.
Additional Business Capital
Extra funds that are invested in a business to fuel its growth, cover operational costs, or expand its operations.
Borrowing Funds
The act of obtaining money from another party, typically a financial institution, under the agreement to repay it, often with interest, at a later date.
Bringing in Partners
The process of adding one or more individuals as business partners, typically to share ownership, responsibilities, and benefits of operating a business.
- Understand the legal necessities and repercussions of managing a sole proprietorship.
Verified Answer
Learning Objectives
- Understand the legal necessities and repercussions of managing a sole proprietorship.
Related questions
Anyone Who Does Business Without Creating a Separate Business Organization ...
Bayard Organized, and Owns and Operates, Cypress Tours in the ...
When First Starting Out in Business, Lawyers Often Begin Their ...
Which of the Following Is True of Working for a ...
Write a Short Note on Business Partnerships