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What does having a business name not do?
What does having a business name not do?
- Impact the taxation system for businesses
- Separate the business entity from the owner
- Refer to a company, such as a corporation or cooperative
- Protect the owner from debts incurred by the business (correct)
How are corporations different from sole proprietors and partnerships?
How are corporations different from sole proprietors and partnerships?
- They provide limited liability for their owners/members (correct)
- They are not considered separate legal entities
- They are not allowed to acquire debts
- They are not subject to taxation
What is the taxation system for businesses like?
What is the taxation system for businesses like?
- The proprietor is not personally taxed on income from the business
- It is the same as that of the corporates
- It allows for corporate tax rates for all business structures
- The proprietor is personally taxed on all income from the business (correct)
What does the term 'business' often refer to colloquially?
What does the term 'business' often refer to colloquially?
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How does the business owner's liability differ from that of a corporation?
How does the business owner's liability differ from that of a corporation?
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What does having a business name not do?
What does having a business name not do?
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What is the taxation system like for businesses?
What is the taxation system like for businesses?
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How are corporations different from sole proprietors and partnerships?
How are corporations different from sole proprietors and partnerships?
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What does the term 'business' often refer to colloquially?
What does the term 'business' often refer to colloquially?
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How does the business owner's liability differ from that of a corporation?
How does the business owner's liability differ from that of a corporation?
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