QUESTION IMAGE
Question
sole proprietorships quick check
a sole proprietorship is distinguished by the fact that it has (1 point)
only one owner
limited liability
multiple owners
higher tax burden
Brief Explanations
A sole - proprietorship is a business structure where a single individual owns and operates the business. It does not have limited liability (the owner is personally liable for business debts), it has only one owner, not multiple, and it generally has a lower tax - reporting burden compared to some other business structures.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
A. only one owner