Which of the following is an advantage of a sole proprietorship?
A) Ease of formation
B) Limited liability of owner
C) Ease of raising capital
D) Unlimited life
Correct Answer:
Verified
Q31: Dental offices and law firms are service
Q32: A business with one owner is called
Q33: Shareholders must pay income tax on the
Q34: Net income is defined as:
A)revenue plus expenses.
B)revenue
Q35: A tax preparation business is primarily a:
A)merchandising
Q37: A limited liability company (LLC)is a legal
Q38: Which of the following does NOT describe
Q39: Which of the following is NOT an
Q40: The cost of money is above all
Q41: Which type of organization has stockholders?
A)Partnerships
B)Sole proprietorships
C)Corporations
D)Limited
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