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goji.go goji.go
wrote...
Posts: 5977
10 years ago
One disadvantage of sole proprietorship is the ________.
A) possibility of disagreements between different owners
B) unlimited liability the owner has for the debts of the company
C) fact that any income earned by this type of business is taxed twice
D) cost of starting or ending the company is higher than other businesses
E) burden of all the required paperwork that must be filed
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2 Replies
Diesel
Replies
bbb
wrote...
10 years ago
B) Sole proprietorships have one owner, which means there are no disagreements between owners; it also means a simple cost-free process of ending the company. Double taxation is a disadvantage of corporations; however, unlike corporations, sole proprietorships have unlimited liability.
Answer accepted by topic starter
goji.go Authorgoji.go
wrote...
Top Poster
Posts: 5977
10 years ago
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Diesel

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