Which of the following is true of a sole proprietorship? A business operated under sole proprietorship cannot
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Question:
Which of the following is true of a sole proprietorship?
A business operated under sole proprietorship cannot betransferred. | ||
Large businesses cannot be operated under soleproprietorship. | ||
A business operated under sole proprietorship should be owned byone or more people of the same family. | ||
Creditors can recover claims against the business from the soleproprietor's personal assets. |
Related Book For
Introduction To Corporate Finance
ISBN: 9781118300763
3rd Edition
Authors: Laurence Booth, Sean Cleary
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