Which of the following statements is true of a sole proprietorship?
A) A business operated under sole proprietorship cannot be transferred.
B) Large businesses cannot be operated under sole proprietorship.
C) A business operated under sole proprietorship should be owned by one or more people of the same family.
D) Creditors can recover claims against the business from the sole proprietor's personal assets.
Correct Answer:
Verified
Q6: An association of two or more persons
Q7: The sole proprietor has _ liability.
A) zero
Q8: A sole proprietorship does not pay taxes
Q9: A _ is a document that is
Q12: The earnings and losses from a sole
Q13: Which of the following best describes an
Q14: Which of the following statements is true
Q15: Which of the following statements is true
Q27: An ordinary partnership is also known as
Q51: Which of the following is true of
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