Which of the following are TRUE?
A) A sole proprietor is exclusively responsible for performing all contracts entered into in connection with the business.
B) Sole proprietors must include any income or loss from the sole proprietorship business in their income for income tax purposes.
C) A sole proprietor cannot be an employee of the sole proprietorship business.
D) A sole proprietor is vicariously liable for torts of employees in the course of the sole proprietorship business.
E) all of the above.
Correct Answer:
Verified
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