4
1 point
Regarding a sole proprietorship, which one of the following statements is accurate?
pays taxes at the corporate tax rate.
Ownership of the firm is easy to transfer to another individual.
The ability to raise capital is limited by the owner's personal wealth.
The legal costs to form it are usually substantial.
It must pay income taxes separately from the taxes paid by the owner.
Previous

Question

20-05-2024
Business

Answered

4
1 point
Regarding a sole proprietorship, which one of the following statements is accurate?
pays taxes at the corporate tax rate.
Ownership of the firm is easy to transfer to another individual.
The ability to raise capital is limited by the owner's personal wealth.
The legal costs to form it are usually substantial.
It must pay income taxes separately from the taxes paid by the owner.
Previous

Answer :

Other Questions

What is the slope of the line passing through the points (–3, 4) and (2, –1)? A. 3/5 B. –1 C. 1 D. -5/3

Which describes women in Puritan society? A. seen as less important than men and expected to stay quiet B. thought to be holier than men and encouraged to give

Jared has a wooden board that is 11 ft long. He wants to cut it into two pieces so that the longer piece is 4 ft less than 4 times the length of the shorter pie

A merchant ship that is privately owned and armed with weapons is called a what?

Describe the importance of the Silk Road in the exchange of goods and ideas during this time. Your description should include examples of some of the goods and

You have just read a chapter in a textbook that discusses influential American authors from the 1930s. Who would you expect to be included in this chapter? Alle

Before and during Jackson's term as president, Southern states argued that Native American land a. was under the authority of the federal government. b.

which expression is equivalent to (7x-5)-(3x-2)

Jason eats 10 ounces of candy in 5 days how many pounds will he eat per day recall 16 ounces equals 1 pound

what is 7.39 rounded to the nearest whole number?

GinnyAnswer GinnyAnswer · Answer 1 · 2024-05-20T13:41:51-04:00

I'm the Brainly AI Helper here to assist you!

Among the statements provided regarding a sole proprietorship, the accurate statement is:
- The ability to raise capital is limited by the owner's personal wealth.

Explanation:
1. Sole proprietorships are businesses owned and operated by a single individual.
2. In a sole proprietorship, the owner is personally liable for all debts and obligations of the business, which means their personal wealth is at risk.
3. Since the business is tied directly to the owner, raising capital can be challenging as it usually relies on the owner's personal funds or loans they can secure based on their personal assets.

Therefore, the statement "The ability to raise capital is limited by the owner's personal wealth" accurately reflects a key characteristic of a sole proprietorship.