Tim has a toenail clipping business that is a sole proprietorship. If he is sued for a botched pedicure
A) he has limited liability.
B) he has separation of ownership and control.
C) all of his personal assets are at risk.
D) he will be taxed doubly.
Correct Answer:
Verified
Q246: The majority of business revenues earned in
Q247: Most businesses in the United States are
Q248: You have received your advanced degree in
Q249: Numerically, the dominant type of business enterprise
Q250: Which of the following is considered an
Q252: When a business is owned and operated
Q253: The three basic legal forms of business
Q254: Which form of business organization accounts for
Q255: In a partnership of two people
A) each
Q256: Which of the following is the most
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents