Answered

Each of the following is an advantage of starting a sole proprietorship business EXCEPT:

A. Easily formed
B. Easily dissolved
C. Profits taxed twice
D. Lower start-up costs

Please select the best answer from the choices provided.

A
B
C
D



Answer :

GinnyAnswer

Final answer:

A sole proprietorship has multiple advantages, with one exception regarding taxation of profits.


Explanation:

A sole proprietorship has several advantages, including being easy to form, easy to dissolve, and having lower start-up costs. However, one disadvantage is that in a sole proprietorship, profits are not taxed twice; instead, the owner reports business income on their personal tax return, avoiding double taxation.


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