Alternate Quiz for Sole Proprietorship and Partnership (1).docx

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Commercial LawQuiz Assignment for -Sole Proprietorship and PartnershipPlease answer the following questions.1. What is the primary disadvantage to a sole proprietorship?2. Two students decided that, as a summer job, they would run dances every Saturdaynight from June until September.They rented a local hall, and paid the owner a$500.00 deposit, each contributing $250.00 of this amount.The students agreed thatany profits they made would be split equally between them, and that they would consulteach other about all aspects of organizing dances.
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Term
Summer
Professor
N/A
Tags
Business Law, Corporation, Types of companies, Sole Proprietorship and Partnership

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