Multiple Choice
Which of the following is not an advantage of a sole proprietorship?
A) It is easy to form and dissolve.
B) It has unlimited liability.
C) Profits are taxed as personal income.
D) There owner has the flexibility of being his or her own boss.
E) The owner keeps all profits.
Correct Answer:

Verified
Correct Answer:
Verified
Q57: A limited-liability company is taxed like a
Q58: Describe the advantages and disadvantages of the
Q59: Units of ownership in a master limited
Q60: When compared to partnerships and corporations, sole
Q61: If the owner of a sole proprietorship
Q63: Because there are two or more people
Q64: Describe the advantages and disadvantages of a
Q65: Quarrels among business associates have become common.
Q66: Compared to a corporation, a partnership is
Q67: Most partnerships have _ partners.<br>A) two<br>B) three<br>C)