Torrie Is Thinking of Starting Up a Small Business Selling

question 183

Multiple Choice

Torrie is thinking of starting up a small business selling hand-painted wine glasses.She is considering setting up her business as a sole proprietorship.What is one advantage to Torrie of setting up her business as a sole proprietorship?

• A)As a sole proprietor,Torrie would face limited liability.
• B)As a sole proprietor,Torrie would have the ability to share risk with shareholders.
• C)As a sole proprietor,Torrie would have both ownership and control over the business.
• D)All of the above would be advantages of setting up her business as a sole proprietorship.

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Definitions:

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