One of the advantages of a sole proprietorship is:
A)limited liability for its owners.
B)double taxation for its owners.
C)complexity of transferring ownership.
D)no significant legal requirements for starting the business.

Question

Quizplus · Accepted Answer

One of the advantages of a sole proprietorship is that there are no significant legal requirements for starting the business. This means that there is less paperwork and fewer fees involved compared to other business structures. However, this also means that the owner is personally responsible for all aspects of the business, including any debts or liabilities it incurs.

One of the Advantages of a Sole Proprietorship Is