Multiple Choice
Which of the following statements is not true regarding the advantages and disadvantages of a sole proprietorship?
A) A sole proprietorship can be created without formal agreements or state filings.
B) The proprietor reports income from the business on a personal tax return.
C) The proprietor alone bears liability for the losses.
D) It is usually easy for sole proprietorships to raise capital.
Correct Answer:
Verified
Correct Answer:
Verified
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