What is the disadvantage of choosing a sole proprietorship?
A) It cannot have more than one founder.
B) The law does not recognize other equity investors.
C) Liability is solely on the owner.
D) All of these.
Correct Answer:
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Q21: The owner of a sole proprietorship can
Q22: The major benefit of a sole proprietorship
Q24: What are the two types of partnerships?
A)
Q25: In a partnership it is expected that
Q26: General partnership differs from sole partnership in:
A)
Q27: In a limited partnership, there must be
Q28: When a corporation suffers losses, the founders
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