3. which of the following are necessary for legally registering a business? a business location a business…

3. which of the following are necessary for legally registering a business? a business location a business name a business structure all of the above 4. in business structure, partnerships mean that one owner shares more responsibility for losses and profits than the other. true false

3. which of the following are necessary for legally registering a business? a business location a business name a business structure all of the above 4. in business structure, partnerships mean that one owner shares more responsibility for losses and profits than the other. true false

Answer

Brief Explanations:

For question 3, a business location is needed for physical - presence and tax - related matters, a business name is essential for identification, and a business structure (like sole - proprietorship, partnership etc.) is required for legal and financial organization. For question 4, in partnerships, the sharing of losses and profits can be equal or unequal depending on the partnership agreement, so the statement is too general.

Answer:

  1. D. All of the above
  2. B. False