Question: True or False. please let me know True or False & Multiple Choice ( 35 questions @ 2 points each ) 1. The profits eamed

True or False. please let me know
True or False. please let me know True or False
True or False \& Multiple Choice ( 35 questions @ 2 points each ) 1. The profits eamed from the operation of a sole proprietorship are taxed as the personal income of the sole proprietor. 2. A sole proprietorship is terminated on the death of the owner. 3. A sole proprietorship is a separate legal entity, with an unlimited duration. 4. The only way that a General Partnership may be formed is a written agreement. 5. Partnership books and records must be accessible to all of the partners. 6. Each partner has the right to sell their share of specific partnership property, as if they were the exclusive owner. 7. In the absence of any agreement to the contrary, a General Partnership is dissolved by the death of any one partner. 8. Any single partner may be personally liable for the contract debts of the General Partnership 9. The Secretary of State will allow a new corporation to use a name which is exactly the same as the name of an existing corporation in the State of Illinois

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