If an Individual Forms a Sole Proprietorship, Which Nontax Factor

question 47

Multiple Choice

If an individual forms a sole proprietorship, which nontax factor will be of greatest benefit to the sole proprietor?

• A) Liability protection.
• B) Legal flexibility in defining rights and responsibilities of owners.
• C) Facilitates initial public offerings.
• D) Minimal time and cost to organize.

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Definitions:

Shoulder

The region of the body where the upper arm bone (humerus), shoulder blade (scapula), and collarbone (clavicle) meet.

Diarthrosis

A type of joint that allows for free movement between the bones it connects, commonly known as a synovial joint.

Amphiarthrosis

A type of joint that is slightly movable, providing a balance between mobility and stability, found in the vertebral column.

Synarthrosis

A type of joint that permits very little or no movement, often interconnected by fibrous or cartilaginous tissue.