SLO-2.3. Which of the following is an advantage of a sole proprietorship? OThe owner has unlimited liability OThe business ceases to exist when the owner dies OThere is a limit to the amount one person can borrow OProfits are taxed as individual income

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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SLO-2.3. Which of the following is an advantage of a sole
proprietorship?
OThe owner has unlimited liability
OThe business ceases to exist when the owner dies
OThere is a limit to the amount one person can
borrow
OProfits are taxed as individual income
Transcribed Image Text:SLO-2.3. Which of the following is an advantage of a sole proprietorship? OThe owner has unlimited liability OThe business ceases to exist when the owner dies OThere is a limit to the amount one person can borrow OProfits are taxed as individual income
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