One major advantage of the ________ is that once the owner has paid all of the company's expenses,he/she can keep the remaining profits (less taxes,of course).
A)Partnership
B)Corporation
C)Sole Proprietorship
D)Limited Liability Company

Question

Quizplus · Accepted Answer

In a sole proprietorship, the owner has complete control over the profits and can keep all of the earnings after expenses have been paid. This is different from partnerships and corporations where profits are usually shared among multiple parties or shareholders. Additionally, sole proprietorships have lower startup costs and less paperwork compared to other business entities.

One Major Advantage of the ________ Is That Once the Owner