All of the Following Are Advantages of a Sole Proprietorship

question 70

Multiple Choice

All of the following are advantages of a sole proprietorship except ________.

• A) creating one is easy and inexpensive
• B) unlimited liability
• C) it is not subject to double taxation
• D) the owner maintains complete control of the business
• E) business losses can be deducted against the sole proprietor's other sources of income