Sole proprietorships are predominantly started because:
A)they are easily and cheaply setup.
B)the proprietorship life is limited to the business owner's life.
C)all business taxes are paid as individual tax.
D)All of the above.
E)None of the above.

Question

Quizplus · Accepted Answer

Sole proprietorships are easily and cheaply established compared to other forms of businesses like partnerships or corporations. The life of a sole proprietorship is determined by the life of the business owner. Also, the owner pays taxes on the profits of the business as part of their individual tax return. All of these reasons make sole proprietorships an attractive option for entrepreneurs.

Sole Proprietorships Are Predominantly Started Because