Since sole proprietorships are extensions of their owners, they:
A) lack permanence.
B) offer limited liability.
C) have the ability to pool financial resources.
D) lack tax advantage.

Question

Quizplus · Accepted Answer

Sole proprietorships lack permanence because they are tied to the life of the owner, meaning they can dissolve if the owner dies or decides to stop the business.

Since Sole Proprietorships Are Extensions of Their Owners, They