The major difference between a proprietorship and a partnership is the
A) double taxation laws
B) change in the liability of the owners
C) profit earned
D) number of owners
E) ownership control over day-to-day operations
Correct Answer:
Verified
Q53: A corporation is not
A) a legal identity
Q54: If a proprietorship converts to a corporation
Q55: If a corporation does not distribute profit
Q56: Corporate profits that are not reinvested in
Q57: Which of the following is a disadvantage
Q59: Which of the following does not provide
Q60: Who receives corporate interest before any disbursement
Q61: Suppose you decide to set up your
Q62: A corporation has sold 1,000 shares of
Q63: The difference between a sole proprietorship and
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