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LGLA2311-Chapter 2
Business Organizations for Paralegals
Question | Answer |
---|---|
owner of a sole proprietorship. | Sole proprietor |
liability extending beyond what is invested in a business to an individual's personal assests. (also called unlimited liability) | Personal liability |
money used to form and operate a business or other venture. | Capital |
a name that must be registered with state or local officials because it does not disclose the surname of the business owner. | Fictitious name |
"Doing business as"; another name for a fictitious business name statement | DBA |
Record filed with public officials to identify the owner of a business operating under a name other than the owner's surname. | Fictitious business name statement |
a retirement plan for sole proprietors. | Keogh Plan |