question #4 what is a key advantage of forming a sole proprietorship? question #5 what are the personal…

question #4 what is a key advantage of forming a sole proprietorship? question #5 what are the personal liability risks associated with a sole proprietorship? a. the personal assets of the owners are at risk if the business faces debts or legal issues. b. the businesss profits are taxed and then the stockholder dividends are taxed again. c. each partner is personally responsible for the entire amount of business debts and claims against the partnership. d. sole proprietorships can issue stock to raise money from investors.

question #4 what is a key advantage of forming a sole proprietorship? question #5 what are the personal liability risks associated with a sole proprietorship? a. the personal assets of the owners are at risk if the business faces debts or legal issues. b. the businesss profits are taxed and then the stockholder dividends are taxed again. c. each partner is personally responsible for the entire amount of business debts and claims against the partnership. d. sole proprietorships can issue stock to raise money from investors.

Answer

Brief Explanations:

For Question #4, a key advantage of sole - proprietorship is simplicity in operation and full control by the owner. For Question #5, in a sole - proprietorship, the owner's personal assets are at risk due to unlimited liability.

Answer:

Question #4: One key advantage is simplicity of operation and full control (not given in options but a common advantage). Question #5: A. The personal assets of the owners are at risk if the business faces debts or legal issues.