Sunday 8 September 2013

A sole proprietorship: provides limited liability for its owner. involves significant legal costs during the formation process. has an unlimited life. has its profits taxed as personal income. can generally raise significant capital from nonowner sources.

A sole proprietorship:
provides limited liability for its owner.
involves significant legal costs during the formation process.
has an unlimited life.
has its profits taxed as personal income.
can generally raise significant capital from nonowner sources.

Answer
 has its profits taxed as personal income.











   

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