Which of the Following Is Not One of the Advantages

question 49

Multiple Choice

Which of the following is not one of the advantages of sole proprietorships and partnerships,as compared to corporations?

• A)limited liability
• B)ease of formation
• C)income is only taxed once
• D)owners are more likely to be managers

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Definitions:

Accounting Records

Documentation and books that record all of the financial transactions of a business.

Property Taxes

Levies imposed by local governments on real estate owners based on the value of their property to fund public services such as schools, roads, and emergency services.