Which of the Following Statements Is the Most Accurate? Sole

Multiple Choice

Which of the following statements is the most accurate? Sole proprietorships:

A) Are well suited for people who want to own a business and share in its profits without taking an active role in management.
B) Are taxed at the owner's personal tax rate.
C) Is the least risky form of business ownership.
D) Must receive a state charter before they can legally conduct business.