Which Form of Business Ownership Has the Most Difficulty in Raising

question 63

Multiple Choice

Which form of business ownership has the most difficulty in raising capital?

• A) sole proprietorship
• B) general partnership
• C) limited partnership
• D) corporation

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Definitions:

Winding-Up Stage

The process of settling the affairs of a company, involving the liquidation of assets and distribution of proceeds to creditors and shareholders, as part of the company's dissolution.

Termination

The action of bringing or coming to an end, which can refer to contracts, employment, negotiations, and other engagements or agreements.

Partnership

A partnership is a legal form of business operation between two or more individuals who share management and profits.

General Partner

is a member of a partnership who has unlimited liability for the debts of the partnership and takes part in the management of the business.