Which of the Following Statements Best Describes the Legal Requirements

question 70

Multiple Choice

Which of the following statements best describes the legal requirements for conducting a sole proprietorship?

• A) They are subject to the same general legislation as any other business form.
• B) Unlike other business forms,they are unregulated.
• C) They are governed by sole proprietorship legislation existing in each province.
• D) They must be licensed under provincial legislation as sole proprietorships.

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