Which of these is true about sole proprietorship?
A. You don't have to register a sole proprietorship.
B. The owner cannot be held personally liable for business debts.
C. An individual starts the business and is the only responsible party.
D. Sole proprietorships can only make a certain amount of money.

Question

16-05-2024
Social Studies

Answered

Which of these is true about sole proprietorship?
A. You don't have to register a sole proprietorship.
B. The owner cannot be held personally liable for business debts.
C. An individual starts the business and is the only responsible party.
D. Sole proprietorships can only make a certain amount of money.

Answer :

Other Questions

40% of a number equals the difference between the number and 10

plate margins are places where much activity occurs. Earthquakes occur, for example, along convergent margins, where plates are\a.moving apartb.collidingc. slid

A stack of 10 quarters measures 17.5mm what is the height in centimeter

What is the sum of three fours and four threes

A stack of 10 quarters measures 17.5mm what is the height in centimeter

Is speed or velocity more helpful to a pilot?

Valuable ore deposits and gem crystals are often associated with _____. a. oceans b.oil deposits c. thin crustal areas d. igneous intrusions Which of the foll

Freda paid 6.5% sales tax on an item that costed $38 how much did she pay in tax

what percent of 240 is 180?

What did the decree say that Gregory the VII ordered?

GinnyAnswer GinnyAnswer · Answer 1 · 2024-05-16T00:06:43-04:00

Final answer:

Sole proprietorship involves an individual owning and operating a business, assuming personal liability for debts. It is not required to register a sole proprietorship, making it a straightforward and cost-effective business structure.

Explanation:

Soe proprietorship is a type of business organization where one individual owns and operates the business. The owner is personally liable for all business debts and obligations, meaning their personal assets can be at risk. Registering a sole proprietorship is not mandatory, making it an easy and affordable way to start a business.

Learn more about Sole proprietorship here:

https://brainly.com/question/42418749