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Which of the Following Is Correct with Respect to Sole

Question 51

Multiple Choice

Which of the following is correct with respect to sole proprietorships?


A) The sole proprietor has unlimited liability.
B) Sole proprietorship exists where two or more people carry on business together with a view towards profits.
C) The sole proprietor has limited liability.
D) A sole proprietorship must be incorporated.
E) The sole proprietorship is a separate legal entity.

Correct Answer:

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