Question
Which, if any, of the following are correct? a. A sole proprietorship is a business owned by one individual. The sole proprietorship and its sole
Which, if any, of the following are correct?
a. | A sole proprietorship is a business owned by one individual. The sole proprietorship and its sole proprietor are separate legal entities. | |
b. | A sole proprietorship is a business owned by one or more persons. The business and its owners are all separate legal entities. | |
c. | A sole proprietorship is a business owned by one person. The sole proprietorship and its sole proprietor are the same legal entity. | |
d. | A sole proprietorship is a business owned by one or more individuals. The business and its owners are all separate accounting entities. | |
e. | None of the other choices are correct. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started