An advantage of a proprietorship is
A) it requires a minimum of paperwork.
B) it can provide complementary skills that can create more opportunities for the enterprise.
C) it has limited liability.
D) the personal assets of the owner are separate from the business.

Question

Quizplus · Accepted Answer

A proprietorship requires minimal paperwork as there is no need to file separate tax returns for the business. The owner can report the business income and expenses on their personal tax return.

An Advantage of a Proprietorship Is