Which of the Following Is Typically Considered a Disadvantage of Sole

question 87

Multiple Choice

Which of the following is typically considered a disadvantage of sole proprietorships?

• A)Income taxes are paid by both the business and its owner.
• B)The business is considered a separate legal entity from its owner.
• C)Establishing the business usually requires legal assistance.
• D)Owner is personally liable for all debts of the business.

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Definitions:

Disagree

To have or express a different opinion or viewpoint from someone else.

Bully

A person who uses strength or power to harm or intimidate those who are weaker or possess less power.

Premises

Statements or propositions upon which an argument is based or from which a conclusion is drawn.

Conclusion

The final part of something, typically a process or reasoning, where an inference or decision is made based on the information presented.