QUESTION IMAGE
Question
which of the following represents a type of business structure?
sole proprietorship
limited liability company (llc)
partnership
s - corp
all of these
which of the following is an example of a service - based business?
jonathans lawn mowing
tierras antique auction
kenneths guitar shop
aarons pet supply store
Brief Explanations
- A sole proprietorship is a business owned by one person.
- A Limited Liability Company (LLC) combines elements of partnerships and corporations, offering limited liability to its owners.
- A partnership is a business where two or more people share ownership.
- An S - Corp is a type of corporation that meets specific IRS requirements and has certain tax advantages. All are business structures.
- Jonathan's Lawn Mowing provides a service (lawn - mowing), while the others are businesses that sell goods (antiques, guitars, pet supplies).
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- First question: E. All of these
- Second question: A. Jonathan's Lawn Mowing