Brenda runs a bookstore in her locality.She started the business with her own money and solely manages the day-to-day operations of the business.Which of the following is true in this scenario?
A) Brenda's business will be constantly regulated by federal and state laws.
B) Brenda must file articles of incorporation to start her business.
C) Brenda can easily dissolve the business whenever she wants.
D) Brenda will have to share her profits with stockholders.
E) Brenda's business will be subjected to double taxation.
Correct Answer:
Verified
Q15: Identify a true statement about sole proprietorships.
A)Most
Q16: The income earned in sole proprietorships is:
A)taxed
Q17: Which of the following forms of business
Q18: In a(n)_,the owner has complete control over
Q19: Which of the following statements is true
Q21: A _ has been defined as "an
Q22: Which of the following forms of business
Q23: In sole proprietorships,owners:
A)have access to employees with
Q24: Which of the following is a disadvantage
Q25: Which of the following statements is true
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