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:

Christian Worship

The act of religious devotion and ritual practices performed by followers of Christianity to honor and glorify God.

Personal Relationship

A close connection between two or more individuals, formed through emotional bonds and interactions.

Jesus Christ

A central figure in Christianity, believed by Christians to be the son of God and the savior of humanity.

Great Awakening

A series of religious revivals in the American colonies during the 18th century, marked by a resurgence of evangelical fervor and the spread of new religious movements.