January 2017
Intermediate to advanced
500 pages
33h 23m
English
You can find the answers on the last page of this text.
6-1 Omar and Sam are physical therapists who work together. Their office is on the first floor of a building Omar owns. They need protection of their personal assets as well as to protect themselves from any errors their partner makes. Which business structure would best suit their company?
A general partnership
A sole proprietorship
A not-for-profit organization
An LLC
6-2 Why might a potential business owner want to establish a business as a sole proprietorship?
The owner can use personal assets to satisfy any business liabilities.
The owner can take into consideration the opinions of other business owners.
The owner can generate a separate tax return ...
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