Disadvantages of proprietorships include
A) unlimited liability.
B) the entrepreneur must bear the entire burden of responsibility.
C) financing depends on personal assets.
D) all of the above.
Correct Answer:
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Q16: A proprietor pays self-employment tax instead of
Q17: Double taxation is one of the disadvantages
Q18: The most common form of organization for
Q19: Of approximately 20 million businesses in existence
Q20: Proprietorships are the most common form of
Q22: The biggest disadvantage of a sole proprietorship
Q23: There are two common forms of partnerships-
A)
Q24: General partners
A) have unlimited liability.
B) are liable
Q25: Which of the following is FALSE?
A) General
Q26: In limited partnerships
A) the limited partners have
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