The rules impacting upon companies in this condition emanate from the Securities Act of 1933, the Securities Exchange Act of 1934, and the Sarbanes-Oxley Act of 2002. This net Act attempts to increase corporate accountability by statuesque stricter disclosure requirements and harsher penalties for vi
Sole proprietorships be the simplest form of parentage ownership.
Relatively simple records must be kept, however all income is subject to taxation and the proprietor solo bears the burden of any acquittancees or liabilities incurred in the business enterprise, which dissolves upon the death of the owner (Clarkson, et al, 697). Franchises can operate as an separatist business entity and these mechanisms are protected by federal law. tax on the franchise's earnings are paid by the franchisee, but liability is shared by the franchisee and the franchising company (Clarkson, et al, 703).
Unit 7 Discussion Question 2
Partnerships create businesses in which profits and loss
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