Which of the following is not true for a sole proprietor?
A) you have complete control over your business
B) you get all the income earned by the business
C) you have limited liability
D) any profits earned are taxed as personal income
Correct Answer:
Verified
Q2: Corporations are limited to large,well-known companies.
Q3: Ben Cohen and Jerry Greenfield started Ben
Q4: A limited partnership is restricted to joint
Q5: Jane,Karla,and Brenda have set up an accounting
Q6: A _ is a business owned and
Q8: About what percent of U.S.businesses are partnerships?
A)1%
B)10%
C)30%
D)50%
Q9: In a corporation,all of the owners help
Q10: Which statement is true about partnerships in
Q11: Many people are reluctant to enter into
Q12: Teeth for Life would be better suited
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