Which One of the Following Statements Is Correct with Respect

Multiple Choice

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

A) The sole proprietor has the same extent of liability as a shareholder.
B) The sole proprietor must consult with the other owners before making any major decisions regarding the business.
C) The sole proprietor is responsible for the torts committed by an employee that take place within the scope of employment.
D) The sole proprietor need not adhere to any licensing and government regulations.
E) The sole proprietor has limited liability.