The most common form of organization for a small business is the sole proprietorship.
Correct Answer:
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Q2: A proprietorship is easy to start and
Q3: A proprietor cannot lose personal assets if
Q4: There are two common forms of partnerships-limited
Q5: General partnerships are not legally required to
Q6: General partners have unlimited liability.
Q7: Limited partners may not take an active
Q8: A limited partnership ends if a limited
Q9: The owners of a corporation are known
Q10: With an S corporation, the corporation's profits
Q11: S corporations have fewer restrictions than do
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