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Which of the following is a characteristic of a sole proprietorship?

Practice Questions

1 question
Q1
Which of the following is a characteristic of a sole proprietorship?
  1. Limited liability
  2. Single ownership
  3. Double taxation
  4. Complex structure

Questions & Step-by-step Solutions

1 item
Q
Q: Which of the following is a characteristic of a sole proprietorship?
Solution: A sole proprietorship is owned and operated by a single individual, making single ownership its defining characteristic.
Steps: 0

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