Asked by Stephani Bushur on Jul 25, 2024

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Doris wants to form a new firm-eBeats-to market a new app. Fees are required to form all of the following business organizations except

A) a sole proprietorship.
B) a corporation.
C) a limited partnership.
D) a limited liability company.

Sole Proprietorship

A business structure where the business is owned and operated by a single individual who has personal responsibility for all debts and liabilities.

Corporation

A legal entity recognized by law as separate from its owners, with its own rights, privileges, and liabilities.

Limited Partnership

A form of partnership consisting of one or more general partners who have full liability and one or more limited partners whose liability is limited to the amount of their investment.

  • Identify different business organizations and their formation requirements.
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RJ
Raymart Joseph SindacJul 31, 2024
Final Answer :
A
Explanation :
Sole proprietorships do not require formal registration or fees to be paid to the government to begin operations, unlike corporations, limited partnerships, and limited liability companies, which typically require filing fees and paperwork.