One major advantage of the ________ is that once the owner has paid all of the company's expenses,he/she can keep the remaining profits (less taxes,of course).
A)partnership
B)corporation
C)sole proprietorship
D)limited liability company

Question

Quizplus · Accepted Answer

The sole proprietorship is a type of business where the owner is solely responsible for the company's profits and losses. It is the simplest and most common form of business ownership. Since the owner is the only one responsible for the company's expenses, once all the bills and taxes are paid, the remaining profits belong to the owner. This means that the owner can keep all the profits without having to share them with any partners or shareholders, as would be the case with a partnership or corporation.

One Major Advantage of the ________ Is That Once the Owner