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Corships and partnerships oin him in the new internet business he is setting up as a partnership mit to your liability our liability

Corships and partnerships oin him in the new internet business he is setting up as a partnership mit to your liability our liability

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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for which of the following types of of business organizations is there a legal distinction between the personal assets of the owners of the firm and the assets of the firm? a. sole proprietorships b.for both sole proprietorships and partnerships c.corporations d.partnerships Your friend ask you to join him in the new internet business he is setting up as a partnership. If you invest 10000 in the business, what is the limit to your liability a. 10000 b.10000 c. 100000 d. there is no limit to your liability
Transcribed Image Text:for which of the following types of of business organizations is there a legal distinction between the personal assets of the owners of the firm and the assets of the firm? a. sole proprietorships b.for both sole proprietorships and partnerships c.corporations d.partnerships Your friend ask you to join him in the new internet business he is setting up as a partnership. If you invest 10000 in the business, what is the limit to your liability a. 10000 b.10000 c. 100000 d. there is no limit to your liability
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