Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following is not characteristic of a sole proprietorship? a.If a sole proprietor engages employees or agents, he or she must share the

Which of the following isnotcharacteristic of a sole proprietorship?

a.If a sole proprietor engages employees or agents, he or she must share the benefits derived from the business with such employees and agents.

b.A sole proprietor may hire employees and agents to operate a business.

c.Sole proprietors have unlimited personal liability

.d.A sole proprietor bears full responsibility for all business losses, costs, and obligations.

e.A sole proprietorship is not a separate entity at law.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Practicing Leadership Principles and Applications

Authors: Arthur Shriberg, David Shriberg

4th edition

047008698X, 978-1118139653, 1118139658, 978-0470086988

More Books

Students also viewed these Law questions

Question

What would you do if the bullies were in your classes?

Answered: 1 week ago

Question

5. It is the needs of the individual that are important.

Answered: 1 week ago

Question

3. It is the commitment you show that is the deciding factor.

Answered: 1 week ago