Which of the Following Is NOT an Advantage of a Sole

question 31

Multiple Choice

Which of the following is NOT an advantage of a sole proprietorship?

• A)Single taxation
• B)Ease of setup
• C)Limited liability
• D)No separation of ownership and control

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Definitions:

Tenancy In Common

A form of co-ownership of property in which each party owns an undivided interest that passes to his or her heirs at death.

Real Property

Land and anything permanently attached to it, such as buildings and structures, differentiated from personal property which can be moved.

Personal Property

refers to movable items owned by an individual or corporation, excluding real estate.

Real Property

Refers to land and any permanent structures attached to it, such as buildings or houses.