Asked by Ahmed Hauter on Jun 22, 2024
Verified
Stacy wants to set up a sole proprietorship. She must
A) make a partnership agreement.
B) file appropriate papers with the state.
C) file appropriate papers with the federal government.
D) None of these choices is correct.
Partnership Agreement
A Partnership Agreement is a legal document that outlines the rights and responsibilities of the partners involved in a business partnership.
Sole Proprietorship
A business structure where a single individual owns and operates the business, being solely responsible for its debts and obligations.
Federal Government
The national government of a federation, which holds the authority over matters that affect the entire country, such as defense, foreign policy, and monetary policy.
- Identify the legal documents and regulatory requirements needed to establish different forms of business organizations.
Verified Answer
Learning Objectives
- Identify the legal documents and regulatory requirements needed to establish different forms of business organizations.
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