Multiple Choice
A sole proprietorship comes into existence when:
A) a person in business hires at least one employee
B) two or more persons join together to work at a business
C) a charter is received from the secretary of state
D) a person begins to do business for herself
E) when a federal tax identification number is issued for the business
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Shareholders have the right to instruct directors
Q2: A corporation in which the shares are
Q4: Directors of a corporation are responsible for
Q5: Unless its articles of incorporation provide otherwise,
Q6: A person doing business for herself is
Q7: LLC members have unlimited liability for torts
Q8: A limited liability company:<br>A) is chartered by
Q9: Most states have passed statutes that say
Q10: Electing a board of directors, enacting the
Q11: About _ of retail sales in the