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Q3. Which of the following statements is NOT true? (5 points) A. A sole proprietorship is easy to set up. B. All profits from a

Q3. Which of the following statements is NOT true? (5 points)
A. A sole proprietorship is easy to set up.
B. All profits from a sole proprietorship are passed through to the owner for paying taxes.
C. A sole proprietorship has only one owner.
D. A sole proprietorship offers limited liability.

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