Disadvantages to transacting business as a sole proprietorship include
A) double taxation of the sole proprietor's income.
B) personal liability for the debts and obliga- tions of the business.
C) the limited duration of the sole proprietor- ship allowed by state law.
D) costly filing fees for forming the sole proprietorship.
Correct Answer:
Verified
Q7: A sole proprietorship certificate must be obtained
Q8: The sole proprietor's liability for the actions
Q9: The number of sole proprietorships in the
Q10: The income of sole proprietorships in the
Q11: Advantages to transacting business as a sole
Q13: A sole proprietorship is considered to be
A)
Q14: The rules of ethics that apply to
Q15: A sole proprietor may hire any number
Q16: A sole proprietor may delegate management and
Q17: Sole proprietors can attract new employees by
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