This is not an advantage of a sole proprietorship:
A) Forming the company is easy and low cost.
B) The sole proprietorship is not responsible for the company's contracts or torts.
C) The sole proprietor makes all of the decisions.
D) The sole proprietor receives all of the profits.
Correct Answer:
Verified
Q10: The agreement to form a partnership may
Q11: The following may be general or limited
Q12: A corporation is the simplest form of
Q13: Limited partners participate in the management but
Q14: The sole proprietor faces limited liability for
Q15: A business may be a (UPA)partnership if
Q16: Under the UPA,partners have joint and several
Q17: Under RULPA,two or more persons must execute
Q18: Business organizations include all but the following:
A)LLP.
B)LLC.
C)Free-association.
D)Sole
Q19: A partnership agreement can never be created
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