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April 20, 2014

Homework Help: accounting

Posted by ifi on Wednesday, March 13, 2013 at 9:03am.

I need to ask some opinion about this question.

determine whether the description refers to solo proprietorship, partnership or corporation.

1. Jo Chen & Al Fitch own Financial services provider. Neither Chen nor Fitch has personal responsibility for the debts of Financial Services.

2. Tampa Biz pays its own income taxes and has 2 owners.

my answer for 1. corporation bcus both of them do not have the responsibility for the libilities. 2. partnership bcus it has 2 owners. I'm I right?

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