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Questions and Answers
Which business entity has unlimited liability for its owner?
Which business entity has unlimited liability for its owner?
- Private Limited Liability Company
- Partnership (correct)
- Sole Trader
- Registered Company
Which legislative requirement governs the registration of business names in Dominica?
Which legislative requirement governs the registration of business names in Dominica?
- Partnership Act, Chapter XX
- Registration of Businesses Names Act, Chapter 78:46 (correct)
- Business Entities Registration Act, 1998
- Companies Act, No. 21 of 1994
Which business entity offers limited liability to its owners?
Which business entity offers limited liability to its owners?
- Traditional Partnership
- Private Limited Liability Company (correct)
- Partnership
- Sole Trader
Which type of business entity is also referred to as a sole proprietor?
Which type of business entity is also referred to as a sole proprietor?
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Which concept relates to the separate legal existence of a business entity from its owners?
Which concept relates to the separate legal existence of a business entity from its owners?
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