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A sole proprietorship: Multiple Choice is designed to protect the personal assets of the owner. may earn profits that are subject to double taxation. requires

A sole proprietorship:
Multiple Choice
is designed to protect the personal assets of the owner.
may earn profits that are subject to double taxation.
requires the owner to be personally responsible for all of the company's debts.
is the least represented type of firm in the U.S. today.
provides the same benefits to owners that a limited liability company does.

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