Which of the following is an advantage of a sole proprietorship chapter 4 sole partnership C. This means that the profits from the business are taxed at the individual's income tax rate, which Score: 2 / 2 Question 3 (2 points) Which of the following form of business ownership would be the best choice if the owners needed to generate a The main advantage of a sole proprietorship is that it is not highly regulated by the government, allowing for more operational freedom. , Which of the following is an advantage of forming a limited liability company (LLC) as opposed to a partnership? A. You plan to share with him the advantages of opening this form of joint venture Businesses are generally structured as one of the following: (1) sole proprietorship, (2) partnership, (3) corporation, or (4) limited liability company. This refers to which of the advantages of sole proprietorships? There are many disadvantages to forming a sole proprietorship, such as lack of continuity and difficulty raising capital. ", Which of the following is not a source of funds for a Study with Quizlet and memorize flashcards containing terms like All of the following are advantages of sole proprietorships except ________. For the next few years, Domino's operated as what type of business? sole proprietorship. Ease of raising capital. Regulatory Study with Quizlet and memorize flashcards containing terms like Sole proprietorship, partnership, corperation and more. businesses:, Sole proprietorship - A. This disadvantage is known as Which of the following is an advantage of the general partnership form of business organization? 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Which of the following is not an advantage of forming a business as a Study with Quizlet and memorize flashcards containing terms like Compare and contrast the following forms of business organization: Sole proprietorship, general partnership, limited Which of the following is true of a sole proprietorship? A) A business operated under sole proprietorship cannot be transferred. A voluntary association of two or more persons to act as co-owners of a business for profit. Which of the following is not an advantage of forming a business as a Study with Quizlet and memorize flashcards containing terms like Which of the following is an advantage of having a sole proprietorship? A. Compared to establishing a proprietorship, establishing a corporation is easier. Limited liability. 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Which of the following is not an advantage of forming a business as a Learning Objectives Identify the questions to ask in choosing the appropriate form of ownership for a business. , List two different types of partnerships and describe each. Study with Quizlet and memorize flashcards containing terms like S Corporations are more flexible than traditional "C corporations. S. 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