Sole proprietorship and Partnership Part 2

• Economie
• Tertiary Education

Answer the question

What is a liability?

Section 7.1

Sole Proprietorship and Partnership

By the end of the lesson

Describe a DBA

Analyze the sources of liability for a business

Discuss on mediation and arbitration as alternative to court battle

Watch the video

https://www.youtube.com/watch?time_continue=48&v=XFWbYZ1Vvh4&feature=emb_logo

What is a DBA?

Which kind of businesses need a DBA?

You can get a DBA from the government
offices in your ___________ location

1. Government
2. Private
3. Georgraphical
4. Target

Sources of liability

How could the type of
business an entrepreneur chooses affect his or her
success?

Why is the sole proprietorship the most popular
business form?

Case Study

Create a list of issues that you think might cause disagreements in a business partnership. Pick one item from the list. Write three paragraphs: the first presenting one view of the issue, the second presenting the opposing view, and the third presenting the solution from a mediator’s point of view.

Answer here

What are the important points of the lesson?