Multiple Choice
Which of the following is correct with respect to sole proprietorships?
A) The sole proprietorship is a separate legal entity.
B) A sole proprietorship exists where two or more people carry on business together with a view toward profits.
C) The sole proprietor has limited liability.
D) The sole proprietor has unlimited liability.
E) A sole proprietorship must be incorporated.
Correct Answer:
Verified
Correct Answer:
Verified
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