Answered

Discover the answers to your questions at Westonci.ca, where experts share their knowledge and insights with you. Explore thousands of questions and answers from a knowledgeable community of experts on our user-friendly platform. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

Each of the following is an advantage of starting a sole proprietorship business EXCEPT:

A. Easily formed
B. Easily dissolved
C. Profits taxed twice
D. Lower start-up costs

Please select the best answer from the choices provided.

A
B
C
D

Sagot :

GinnyAnswer

Final answer:

A sole proprietorship has multiple advantages, with one exception regarding taxation of profits.


Explanation:

A sole proprietorship has several advantages, including being easy to form, easy to dissolve, and having lower start-up costs. However, one disadvantage is that in a sole proprietorship, profits are not taxed twice; instead, the owner reports business income on their personal tax return, avoiding double taxation.


Learn more about Sole Proprietorship here:

https://brainly.com/question/42418749


Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.