Which One of the Following Statements Concerning a Sole Proprietorship

question 19

Multiple Choice

Which one of the following statements concerning a sole proprietorship is correct?

• A)A sole proprietorship is often structured as a limited liability company.
• B)The owner of a sole proprietorship may be forced to sell personal assets to pay company debts.
• C)The owners of a sole proprietorship share profits as established by the partnership agreement.
• D)The profits of a sole proprietorship are taxed twice.
• E)A sole proprietorship is difficult to create.

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