If an Individual Forms a Sole Proprietorship, Which Nontax Factor

question 79

Multiple Choice

If an individual forms a sole proprietorship, which nontax factor will be of greatest benefit to the sole proprietor?

• A)Liability protection.
• B)Legal flexibility in defining rights and responsibilities of owners.
• C)Facilitation of initial public offerings.
• D)Minimal time and cost to organize.

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Definitions:

Chemical

A substance produced by or used in a chemical process, described by a specific composition of atoms or molecules.

Meiosis

A type of cell division that results in four daughter cells each with half the number of chromosomes of the parent cell, as in the production of gametes and plant spores.

Cell Division

The process by which a cell splits into two or more cells, a fundamental part of growth, development, and repair in organisms.

Monozygotic

Referring to twins who have developed from a single fertilized egg, making them genetically identical.