Sole Proprietorship - Coree
Sole proprietorship
What is business owned and managed by a single individual
Three
Corporations
What is legal entity owned by individual stockholders
True or false? Horizontal Merger is when one company is competing in different markets
False
The advantages
What is a easy start up, regulations and one person in charge
General
Difference between corporations vs. sole proprietorship
Biggest difference is that the corporations and owner are separate
Conglomerates is when at least three companies that produce completely (related or unrelated) goods/service
Unrelated
Disadvantages
What is Unlimited personal liability, limited access to resources and lack of performance
General, limited,limited liability
Types of corporations
What is privately held corporations and publicly help corporations
Multinationals must obey all county’s... and pay... to the country.
Law, tax
What happens when the owner stops?
What is once owner stops the business stops
All partners are limited from personal liability in certain situations
Double taxation
What is tax on their income tax and tax on their stocks
True or false? Vertical mergers can benefit that they do not have to depend on outside suppliers to finish their product.
True