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If an individual forms a sole proprietorship, which nontax factor will be of greatest benefit to the sole proprietor? Multiple Choice Liability protection. Legal flexibility

If an individual forms a sole proprietorship, which nontax factor will be of greatest benefit to the sole proprietor?

Multiple Choice

  • Liability protection.

  • Legal flexibility in defining rights and responsibilities of owners.

  • Facilitation of initial public offerings.

  • Minimal time and cost to organize.

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