A Creditor Is Any Person Who Has an Ownership Interest

question 93

True/False

A creditor is any person who has an ownership interest in a business.

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Definitions:

Water Planning

The process of developing strategies and actions to manage and use water resources sustainably to meet current and future human and ecological needs.

Employment Benefits

Forms of value, other than payment, that are provided to the employee in return for their contribution to the organization, such as health insurance, paid vacation, and retirement plans.

Form a Corporation

The legal process of creating a corporate entity, recognized by law as separate from its owners with its own rights and liabilities.

Defective Incorporation

A situation where a company has not completed its incorporation process correctly resulting in potential legal and financial liabilities for its purported directors and shareholders.