Question

Which of the following business enterprise does not have a separate legal entity


Partnership

Joint Stock company

Sole Proprietorship

Cooperative societies

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Answer 1

Explanation:

corporative society.....

Answer 2

Sole Proprietorship

Sole Proprietorship  of the following business enterprise does not have a separate legal entity.

• One way to describe a sole proprietorship's legal standing is as follows: The firm owner is its only legal representative.
• The owner of the business is personally responsible for all of the obligations and losses incurred by the single proprietorship and is therefore subject to unlimited liability. After being registered, a cooperative enterprise becomes a body corporate, which is a distinct legal entity that is independent of its members.
• A corporation is a separate legal entity. The business utilises ownership and transaction records to maintain the separation of its businesses and registers with the state. Different types of businesses include small businesses, professional firms, and individuals providing services.
• A distinct business entity is not produced by sole proprietorships. This indicates that your personal assets and liabilities are not separate from those of your firm. You could be held personally responsible for the obligations and debts of the company.
• a company that is not legally distinct from its owner. The individual's personal income tax return is where income and losses are taxed. The simplest business structure under which one can run a firm is the sole proprietorship. The one-person business is not a recognised legal entity.

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