One of the factors that Leon and the other owners had to keep in mind when they had to choose a form of enterprise, is legal personality. They decided to register the enterprise as a private company, which means that Leather for Africa _______.Select one or more:a.can own its own assetsb.can act in its own namec.cannot exist independently of Leon and the other shareholdersd.can exist independently of Leon and the other shareholders

Because Leon and the other owners registered the enterprise as a private company, their liability would be _______.a.unlimited, which means they could lose their private assets if the enterprise goes bankruptb.limited to the capital they invested in the enterprisec.limited to their own personal debtsd.limited to the debts of the enterprise

Leon and the other owners also had to keep the continuity of the enterprise in mind. Leather for Africa would _______.a.have limited continuityb.have an indefinite lifespanc.cease to exist, if one of the shareholders withdrew from the enterprised.cease to exist, if they decided to involve more shareholders

Deciding to register an enterprise as a partnership, the enterprise could _______.a.not exist independently from the partnersb.own its own assetsc.act in its own named.exist independently from the partners

Joel and Anika completely share in the management of their business. Both of them have unlimited liability for the debts of the business. Which form of ownership does their business have?Multiple Choicelimited partnershipS corporationsole proprietorshipgeneral partnership

Which type of business is owned by shareholders who buy stock in the company?A.CorporationB.Sole proprietorshipC.PartnershipD.Firm