Torrie Is Thinking of Starting Up a Small Business Selling

question 34

Multiple Choice

Torrie is thinking of starting up a small business selling hand-painted wine glasses.She is considering setting up her business as a sole proprietorship.What is one disadvantage to Torrie of setting up her business as a sole proprietorship?

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

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