Which of the following is true of a sole proprietorship?
A) A business operated under sole proprietorship cannot be transferred.
B) Large businesses cannot be operated under sole proprietorship.
C) A business operated under sole proprietorship should be owned by one or more people of the same family.
D) Creditors can recover claims against the business from the sole proprietor's personal assets.
Correct Answer:
Verified
Q3: Jonathan Lopez wants to be his own
Q4: A sole proprietorship cannot be easily transferred
Q5: In a sole proprietorship, the business is
Q6: The designation of d.b.a. (doing business as)
Q7: The sole proprietor has _ liability.
A) zero
Q9: A _ is a document that is
Q10: A trade name statement refers to a
Q11: Why does a sole proprietorship not pay
Q12: The earnings and losses from a sole
Q13: Which of the following is true of
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