Which characteristic of a sole proprietorship can be considered both an advantage and a disadvantage?
A) Taxation
B) Fund sources
C) Liability
D) Continuity
E) Secrecy

Question

Quizplus · Accepted Answer

Under current tax rates,small corporations with income less than $75,000 pay a lower marginal tax rate than a sole proprietorship;however,sole proprietorships avoid the double taxation that occurs with corporations.

Which Characteristic of a Sole Proprietorship Can Be Considered Both