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Question
which of the following is an advantage of a sole proprietorship?
unlimited liability
double taxation
less hours
less tax liability
Unlimited liability is a disadvantage as the owner is personally responsible for debts. Double - taxation is not an issue for sole proprietorships as business income is taxed as personal income, but it's not an advantage. There's no guarantee of less working hours. However, sole proprietorships often have less tax liability since business income is taxed at the individual's tax rate, avoiding corporate tax structures.
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less tax liability