When First Opening the Sage 50 Program You Will Be

question 23

Multiple Choice

When first opening the Sage 50 program you will be asked to choose -

• A)select an existing company
• B)to create a new company
• C)select a recently used company
• D)any one of the above

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Definitions:

Articles of Partnership

A document that outlines the terms and conditions under which a partnership operates, including the rights and responsibilities of each partner.

Partnership Property

Assets or property acquired by a partnership, which is owned collectively by the partners according to the terms of their agreement.

Charging Order

A court order directing that the debts owed to a debtor by a third party be redirected to pay a creditor, often used to satisfy a judgment.

Negligence Lawsuit

A legal claim filed against an individual or entity for causing harm through careless or reckless behavior, failing to act as a reasonably prudent person would have.