The biggest disadvantage of a sole proprietorship is
A) the large number of legal documents necessary.
B) the difficulty in starting one.
C) the unlimited liability of the entrepreneur.
D) all of the above.
Correct Answer:
Verified
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
Q21: Disadvantages of proprietorships include
A) unlimited liability.
B) the
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
Q27: In a limited partnership
A) a limited partner
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