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d. A sole proprietorship must pay income taxes to both the state government and the federal government. 14. Which of the following is a disadvantage

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d. A sole proprietorship must pay income taxes to both the state government and the federal government. 14. Which of the following is a disadvantage of a sole proprietorship? a. Entrenched management. b. Double taxation. c. Unlimited liability d. Excessive regulation. 15. Which of the following terms designates the maximum number of shares of stock that

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