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The type of organization which is subject to double taxation is Select one: a. Corporation O b. Sole proprietor ship O c. limited partnership O

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The type of organization which is subject to double taxation is Select one: a. Corporation O b. Sole proprietor ship O c. limited partnership O d. Partnership Which of the following statements is correct for a sole proprietorship? Select one: : O a. The sole proprietorship can be created more quickly than a corporation. O b. The sole proprietor can easily dispose of their ownership position relative to a shareholder in a corporation O c. The owner of a sole proprietorship faces double taxation unlike the partners in a partnership d. The sole proprietor has limited liability. If the distribution method is not mentioned in the partnership agreement then the partners must share income or loss according to their investments. Select one: O True O False Ownership in a corporation is evidenced by number of shares owned by a person. Select one: O True False

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