10 Questions
What is required to start a sole trader business?
A declaration and professional certification
What is the sole trader responsible for in terms of business liability?
Personal finances and property
What is the advantage of being a sole trader in terms of profits?
The sole trader can keep all the profits
What is required for record-keeping as a sole trader?
Records and accounts showing incomes and expenses
What is the significance of a 'seat' in a sole trader business?
The official address of the business
What is the minimum percentage of votes required for a qualified majority?
75%
What is the purpose of minutes of meeting?
To prepare a written record of the meeting
What is the term for when a company is closed by the registrar of companies due to inactivity?
Strike off by registrar of companies
What is the term for a resolution where all votes are in favour of the motion?
Unanimity
What is the method of voting where members vote on paper or electronically?
Poll
Get introduced to the Business Law course at the University of Szeged's Faculty of Economics and Business Administration. Learn about the goals and rules of the classes, including punctuality and teamwork. Understand the basics of Business Law and its importance in the business world.
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