Question

an entrepreneur who wishes to start a business with little delay or hassle, and who wants to be his or her own boss, should organize the business as a
sole proprietorship.
cooperative.
c corporation.
general partnership.
question 51 (1 point)
in a partnership, a(n) ____________ partner (owner) actively manages the company and has unlimited liability for claims against the firm.
unlimited
limited
general
associate
question 52 (1 point)
in a limited liability partnership, each partners risk of losing personal assets is
unlimited.
limited to losses that result from that partners own acts and omissions and the acts and omissions of those who work under that partners supervision.
determined entirely by the maximum loss provision established by the articles of co - partnership.
nonexistent

Explanation:

• For the first question: A sole proprietorship is the simplest form of business to start with minimal legal formalities, allowing the owner to be in full control (be their own boss). A cooperative is owned by members for mutual benefit, a C - corporation has more complex legal and tax requirements, and a general partnership involves sharing management and liability with others.
• For the second question: In a partnership, a general partner is actively involved in management and has unlimited liability. A limited partner has limited liability and is not involved in day - to - day management. "Unlimited" is not a type of partner in the context of partnership classification, and "associate" is not a standard term for this kind of partner classification.
• For the third question: In a limited - liability partnership (LLP), each partner's risk of losing personal assets is limited to losses from their own acts/omissions and those under their supervision. It's not unlimited (as in a general partnership), not determined solely by the articles (there are legal and liability - based rules beyond just the articles), and not non - existent (they still have some liability related to their actions).

Answer:

• First question: sole proprietorship
• Second question: general
• Third question: limited to losses that result from that partner's own acts and omissions and the acts and omissions of those who work under that partner's supervision.