Which one of the following
statements concerning a sole proprietorship is correct?

Question

Answer

A sole proprietorship is often structured as a limited liability company.

Answer

A sole proprietorship is
the least common form of business ownership.

Answer

The profits of a sole
proprietorship are taxed twice.

Answer

The owners of a sole
proprietorship share profits as established by the partnership agreement.

Answer

The owner of a sole
proprietorship may be forced to sell his/her personal assets to pay company
debts.

Crowdly