Which of the Following Is Correct with Respect to Sole

Multiple Choice

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

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