Funding - Businesses without legal entity

5 important questions on Funding - Businesses without legal entity

What is a sole propiertorship?

(one-man business) is the most frequently chosen legal form: the business where one person is responsible for the business in every aspect. The entrepreneur is the owner and also boss of the company.

The owner of a sole proprietorship can consider the income tax he must pay for the made profit as expenses of the business.

Incorrect



No notary deed has to be drawn up when founding a sole proprietorship.

Correct
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The more partners are in a partnership, the harder it is for a creditor to claim his debt.

Incorrect

A managing partner runs more risk regarding liability for the debts of the business than the limited partner.

Correct

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