ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
GLOBALIZATION AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The special permit that allow retailers to purchase good tax-free from wholesalers and collect sales tax from final buyers is called a
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reseller’s permit
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retailing permit
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tax permit
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wholesale permit
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Explanation:
Detailed explanation-1: -Limited liability company (LLC)
Detailed explanation-2: -The first advantage of a Partnership over a Sole Proprietorship is the distribution of capital. Since a Partnership is composed of two or more individuals, a lesser contribution of capital is required from each partner. On the other hand, the owner of a Sole Proprietorship must provide the entire capital himself.
Detailed explanation-3: -The advantages of a corporation are limited liability, the ability to raise investment money, perpetual existence, employee benefits and tax advantages. The disadvantages include expensive set up, more heavily taxed, taxes on profits. is a partner whose liability is a limited his or her investment.
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