Which of the following is true of creating a sole proprietorship?
A) No state government approval is required.
B) A sole proprietorship is subject to double-taxation.
C) No licenses are required to do business within a city or state.
D) Special permission must be obtained to receive sole proprietorship status.
Correct Answer:
Verified
Q1: A sole proprietor is legally responsible for
Q2: An entrepreneur is a person who forms
Q3: Jonathan Lopez wants to be his own
Q4: A sole proprietorship cannot be easily transferred
Q5: Which of the following is true of
Q9: A sole proprietorship can operate under the
Q10: Why does a sole proprietorship not pay
Q18: _ are the most common form of
Q28: A sole proprietor has limited personal liability.
Q39: A sole proprietorship does not pay taxes
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents