The sole proprietor has all of the following advantages, EXCEPT
A) choice of location for the business.
B) choice of how to pay federal and local taxes.
C) choice of product to be sold.
D) choice of retirement plan.
E) choice of services to be offered.

Question

Quizplus · Accepted Answer

Sole proprietors do have flexibility in many aspects of their business, such as location, products, and services. However, they do not have complete freedom in how to pay federal and local taxes, as these are governed by tax laws and regulations.

The Sole Proprietor Has All of the Following Advantages, EXCEPT