Identify the one correct statement concerning sole proprietorships. Select one O a. Any profit derived from a sole proprietorship is taxed separately from the owner's personal income O b. A sole proprietor can limit his/her liability by putting LLP at the end of its name - og Joseph Blow Catering LLP O c. A sole proprietor is not vicariously liable for the acts of his employees. Od Sole proprietors may carry on business under a trade name, the own name need not form part of the business name