Sole Proprietorship flash cards
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| What is a sole proprietorship? | A company owned by one person which is not legally differentiated from the owner and is not required to register as a business.
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| What must an owner of a sole proprietorship do if they operate under a fictitious name? | Register as a business.
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| Does a sole proprietorship have to be registered as a business? | Only if it operates under a fictitious name or provides services or supplies requiring licensure.
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| Who governs a sole proprietorship if the buyer and seller are in the same state? | The state UCC.
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| Who governs a sole proprietorship if the buyer and seller are in different states? | The federal UCC.
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You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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mfagre
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