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Which of the following is false regarding a sole proprietorship? A sole proprietorship requires few legal formalities. A sole proprietor has complete control of the
Which of the following is false regarding a sole proprietorship?
A sole proprietorship requires few legal formalities.
A sole proprietor has complete control of the management of the business.
The sole proprietor keeps all the profits from the business.
Profits are taxed as the personal income of the sole proprietor.
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Quantitative Methods For Business
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam
11th Edition
978-0324651812, 324651813, 978-0324651751
