An advantage of proprietorship is that it:
A) proves easy in obtaining credit.
B) offers unique tax advantages.
C) ensures that the business has an unlimited life.
D)provides access to unlimited capital.

Question

Quizplus · Accepted Answer

Proprietorship offers unique tax advantages as the business is not taxed separately from the owner. The owner reports business income and losses on their personal tax returns, which can result in lower tax rates and deductions for expenses.

An Advantage of Proprietorship Is That It