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Which of the following characteristics relate to a sole proprietorship? I. Limited liability II. Income once taxed as personal income III. Inability to bring in

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Which of the following characteristics relate to a sole proprietorship? I. Limited liability II. Income once taxed as personal income III. Inability to bring in additional partners IV. Limited life of the firm I, II, III and IV II and III I, II and IV I Only II, III and IV

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