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Which of the following is a disadvantage of operating as a sole proprietorship? 1--Sole proprietorships have complex legal and accounting requeirements. 2--The owner of a
Which of the following is a disadvantage of operating as a sole proprietorship? 1--Sole proprietorships have complex legal and accounting requeirements. 2--The owner of a sole proprietorship generally carries unlimited liability for the debts and liabilites of the business. 3-- A sole proprietorship has only limited flexiblity in choosing a tax year. 4--A sole proprietorship may consist of one or many individuals.
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