Asked by NIDHI THOMAS on Jun 01, 2024
Verified
Susan Mills,a sole proprietor,operates her bakery under the name Susan's Sweets.If she were sued by a creditor,the creditor would address his complaint to:
A) Susan Mills or Susan's Sweets.
B) Susan's Sweets.
C) Susan Mills.
D) Susan Mills,doing business as Susan's Sweets.
Sole Proprietor
A business owned and managed by one individual where there is no legal distinction between the owner and the business entity.
Creditor
An individual or entity to whom money or its equivalent is owed by another individual or entity, known as the debtor.
- Ascertain the accountability ramifications for proprietors or associates within diverse business structures.
Verified Answer
DG
Danielle GriffinJun 04, 2024
Final Answer :
D
Explanation :
Many sole proprietorships have trade names.For example,Caryl Stanley may operate her bagel shop under the name Caryl's Bagel Shop.Caryl would be required to file the trade name under a state statute requiring the registration of fictitious business names.If she were sued by a creditor,the creditor would address his complaint to "Caryl Stanley,doing business as Caryl's Bagel Shop."
Learning Objectives
- Ascertain the accountability ramifications for proprietors or associates within diverse business structures.