To operate as a sole proprietor requires nothing more than a ____.
A)stock certificate
B)"Certificate of Doing Business Under an Assumed Name"
C)limited liability certificate
D)retained earnings statement
E)visit to an attorney

Question

Quizplus · Accepted Answer

A sole proprietor who wishes to operate under a name other than their own personal name is typically required to file a "Certificate of Doing Business Under an Assumed Name" (also known as a DBA - Doing Business As) with the appropriate local government authority. This is to ensure the public knows the real owner of the business. The other options listed are not requirements for operating as a sole proprietor.

To Operate as a Sole Proprietor Requires Nothing More Than