The owner of a sole proprietorship must share any aftertax profits with the company's shareholders.
Correct Answer:
Verified
Q4: General partnership is the dominant form of
Q5: The vast majority of LLCs elect to
Q6: Most sole proprietorships are small businesses with
Q7: A corporation is a voluntary agreement under
Q8: A corporation is the most common type
Q10: Once the form of ownership for a
Q11: A sole proprietorship is subject to double
Q12: Rennie Hanks has a great idea for
Q13: As business entities, corporations may engage in
Q14: One benefit of a limited liability company
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents