Ch 2: Forms of ownership

Which form of ownership does not have a legal personality?

Which form of ownership requires a minimum of three directors?

Which form of ownership is solely managed by the owner?

Which form of ownership requires a trading license and a partnership agreement?

Which form of ownership involves reserving a business name and registering the founding statement?

Which form of ownership does not exist beyond the owner’s participation?

Which form of ownership requires issuing a prospectus and registering with regulatory bodies?

Which form of ownership is managed by directors, requiring at least one?

Which form of ownership is governed by a board of directors elected by members?

What does the term 'Capital' refer to in the context of business ownership?

Which type of business structure has the legal personality separate from its owners?

What does 'Continuity' refer to in the business context?

In terms of liability, what does 'Limited Liability' mean?

How are sole proprietors and partnerships taxed?

'Formation Procedure' refers to:

'Unlimited Liability' means that:

'Legal Personality' refers to which characteristic of a company?

'Tax' in the context of business ownership depends on:

What does 'Liability' refer to in the context of business ownership?

What does 'Liability' refer to in the context of business ownership?

What does 'Formation Procedure' refer to?

In terms of taxation, what distinguishes how sole proprietors and partnerships are taxed from corporations?

What characteristic allows companies and close corporations (CCs) to enter contracts independently of their owners?

Which form of ownership offers owners protection by limiting their responsibility for business debts?

'Capital' in business ownership refers to:

'Continuity' in the context of business ownership refers to:

'Tax' in business ownership depends on:

Which form of ownership allows for the existence of a business independently of the owners' status?

Which form of ownership requires at least one director for its management?

Which form of ownership must have a minimum number of members depending on the type of cooperative?

Which form of ownership involves the issuance of a prospectus and registration with regulatory bodies?

Which form of ownership does not depend on the involvement of any particular shareholder for its continuity?

Which form of ownership is managed by a board of directors elected by members?

Which form of ownership has limited liability for members and a separate legal personality?

Which form of ownership does not exist beyond the owner’s participation?

Which form of ownership requires a partnership agreement and a trading license for its formation?

Which form of ownership is managed solely by the owner?

Which form of ownership offers limited liability to shareholders and can have an unlimited number of shareholders?

In which form of ownership are partners individually and collectively responsible for the entire debt and actions of co-owners?

Which form of ownership is the most regulated and requires a minimum of three directors for management?

Which form of ownership is more structured than sole proprietorships and partnerships and involves reserving a business name?

Which form of ownership has continuity that is independent of the members’ status and is managed by appointed managers?

In which form of ownership does the continuity not depend on any particular shareholder but requires a minimum number of members?

Which form of ownership involves issuing a prospectus and registering with regulatory bodies for its formation?

What form of ownership has unlimited joint and several liabilities among partners?

Which form of ownership is mainly recognized by a trading license as its establishment requirement?

In which form of ownership are members governed by a board of directors elected by the members themselves?

Which form of ownership has legal personality, limited liability for members, and a taxation rate that is not based on personal income rates?

Which form of ownership has legal personality, limited liability for members, and requires a trading license and a partnership agreement for its formation?

Which form of ownership has legal personality, continuity, and limited liability for members, but is taxed based on personal income rates?

Which form of ownership has unlimited liability for members, continuity, and requires reserving a business name and registering the founding statement for its formation?

Which form of ownership lacks legal personality, has unlimited liability for members, and requires issuing a prospectus and registration with regulatory bodies for its formation?

Which form of ownership lacks legal personality, has unlimited liability for members, and is solely managed by the owner?

Which form of ownership has legal personality, limited liability for members, and must have a minimum number of members depending on the type of cooperative?

Which form of ownership lacks legal personality, has unlimited liability for members, and is managed by a board of directors elected by members?

Which form of ownership has legal personality, limited liability for members, and requires a minimum of three directors?

Which form of ownership lacks legal personality, has continuity, and involves the issuance of a prospectus and registration with regulatory bodies?