Match the Following Attributes with the Different Forms

question 81

Multiple Choice

Match the following attributes with the different forms. A particular attribute may apply to more than one entity form.
-Sole proprietorship

• A)Ability of all owners to have limited liability.
• B)Ability to pass tax attributes through to the owners.
• C)Right of all owners to participate in the management of the business.
• D)Number of owners is limited.
• E)Ability to have multiple owners.

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Definitions:

Authority

The capability or entitlement to direct, determine outcomes, and mandate adherence.

Contract

A contract recognized and upheld by law, which involves two or more parties entering into an agreement with legal obligations.

Power of Attorney

A legal document that allows one person to act on another's behalf, often in financial or health-related matters.

Equal Dignity Rule

A legal principle that requires certain contracts or agreements made by agents on behalf of a principal to be in writing if the contract itself must be in writing.