This type of business enjoys the benefits of big companies but without having to pay taxes and other liabilities that big companies have. This statement refers to: Limited liability companies Partnerships Hobby businesses Lifestyle businesses

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Q: lots of profits, but still go out of business because they don’t have any cash.

A: [Note: Since you have posted multiple questions, we will solve the first question for you. For the…

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Q: Which of the following is an advantage of a sole trader as a form of business organisation? Select…

A: Sole proprietor is the only owner of the business and all the expenses and profit belongs only to…

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A: Business plan is a documented strategy that sets out the basic idea underlying a business and its…

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Q: financial needs of a business

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Q: What is the enterprise value of a business?* The market value of equity of the business The book…

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Q: Why are most large companies such as Microsoft, Pepsico, Caterpillar and AutoZone formed as…

A: Corporation:

Q: Q4 A. Identify whether each of the following scenario is an advantage or a disadvantage of the…

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A: The business may be started with one person or multiple persons.

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Q: What does it mean for a company to be a legal person and what does it mean for owners of a company…

A: A company is an association of people that has its own legal existence and is incorporated with a…