Multiple Choice
Which of the following statements is true regarding the advantages and disadvantages of a sole proprietorship?
A) A sole proprietorship cannot be created without formal agreements or state filings.
B) The proprietor reports income from the business as corporate tax.
C) The proprietor alone bears liability for the losses.
D) It is usually easy for sole proprietorships to raise capital.
Correct Answer:
Verified
Correct Answer:
Verified
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