Explain Sole Proprietorships and its Implications
Explain Sole Proprietorships and Implications of Sole Proprietorship?
Expert
A sole proprietorship is one individual carrying on business on his or her own (under his or her own name or a business name) without adopting any other form of business organization such as incorporation. The business and the person are one and the same, the sole proprietorship brings with it three key implications such as:
Implications of Sole Proprietorship
1. To complete all contracts entered into by the business.
2. For any torts committed in the course of undertaking business activities, including being vicariously liable for the torts of employees.
3. The income/losses of the business for tax purposes.
Illustrate what do you mean by Injunctions?
Illustrate the Consumer Protection Act?
What do you mean by Partnership Liability?
Illustrate the types of Tenancies?
Explain what do you mean by Passing of Property?
In how many ways, law does protect confidential information?
Explain the regulation of business conduct towards consumers?
Illustrate federal Competition Act?
What do you mean by General Partnerships?
What are the effects of Contracts within the Scope of the Statute?
18,76,764
1943998 Asked
3,689
Active Tutors
1458483
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!