Jeremy Is Thinking of Starting Up a Small Business Selling

question 198

Multiple Choice

Jeremy is thinking of starting up a small business selling NASCAR memorabilia.He is considering setting up his business as a sole proprietorship.What is one disadvantage to Jeremy of setting up his business as a sole proprietorship?

• A)As a sole proprietor, Jeremy would be taxed twice.
• B)As a sole proprietor, Jeremy would not have control of the business.
• C)As a sole proprietor, Jeremy would face unlimited liability.
• D)As a sole proprietor, Jeremy would be subject to significant rules and regulations.

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Solid material accumulated on the bottom of aquatic environments through natural processes.

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Fragments of rock material resulting from natural processes like weathering, erosion, or human activities.

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A type of unconventional oil found in shale and other low-permeability rock formations, extracted through hydraulic fracturing or "fracking."

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The original rock formation that contains minerals, gems, or other economically valuable materials, or into which ore is introduced during hydrothermal events.