Which of the following statements is true about creating a sole proprietorship?
A) No state government approval is required.
B) Federal taxation is levied upon sole proprietorship.
C) No licenses are required to do business within a city or state.
D) Special permission must be obtained to receive a sole proprietorship status.
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
Q10: Orlando opened a hot dog stand in
Q10: Which of the following statements is true
Q12: The earnings and losses from a sole
Q26: Which of the following must be in
Q27: An ordinary partnership is also known as
Q47: An organization or venture must have a
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