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  3. Study Set
    Taxation for Decision Makers
  4. Exam
    Exam 11: Sole Proprietorships and Flow-Through Entities
  5. Question
    Which of the Following Is Not a Characteristic of Sole
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Which of the Following Is Not a Characteristic of Sole

Question 79

Question 79

Multiple Choice

Which of the following is not a characteristic of sole proprietorships?


A) Owners pay self-employment taxes
B) Formation is always tax-free
C) Distributions of entity income are tax-free
D) Loss is recognized on liquidation

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