Multiple Choice
Which one of the following statements is correct with respect to sole proprietorships?
A) The sole proprietor is restricted to service-type businesses.
B) A sole proprietorship involves limited liability.
C) The sole proprietor is a society under the Societies Act.
D) A sole proprietorship involves unlimited liability for the proprietor.
E) A sole proprietorship is a separate legal entity with one shareholder.
Correct Answer:
Verified
Correct Answer:
Verified
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