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LGLA2311-Chapter 2

Business Organizations for Paralegals

QuestionAnswer
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
Created by: dawnbryant