A Sole Proprietorship Is Formed Without Any Formality,is Not a Separate

question 68

True/False

A sole proprietorship is formed without any formality,is not a separate taxable entity,is dissolved upon death of the owner,and has unlimited liability for the owner.

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Definitions:

Opiates

A group of drugs derived from opium, used for their pain-relieving properties but are also highly addictive. Examples include morphine and heroin.

Cerebral Cortex

The external covering of the cerebrum in the brain, responsible for intricate brain activities such as thinking, remembering, and awareness.

Forebrain

The anterior part of the brain that includes the cerebrum, responsible for complex cognitive, emotional, sensory, and motor functions.

Reticular Formation

A complex network of nerve pathways in the central nervous system that plays a key role in controlling arousal and consciousness.