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Which of the following is NOT a characteristic of a sole proprietorship?

Practice Questions

1 question
Q1
Which of the following is NOT a characteristic of a sole proprietorship?
  1. Single ownership
  2. Unlimited liability
  3. Separate legal entity
  4. Full control over business decisions

Questions & Step-by-step Solutions

1 item
Q
Q: Which of the following is NOT a characteristic of a sole proprietorship?
Solution: A sole proprietorship is not a separate legal entity; the owner and the business are legally the same.
Steps: 0

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