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If the sole proprietorship acquires a legal business name, the owner then has limited liability. Group of answer choices True False

Respuesta :

Answer:

False

Explanation:

The characteristics of a sole proprietorship are as stated below;

  • Sole proprietorship is the simplest and easiest form of business setups
  • The personal responsibility of the owner are unlimited.
  • The business is owned by one person
  • The business is taxed based on the personal income of the owner

From these characteristics, if the sole proprietorship acquires a legal business name, the owner then has unlimited liability.

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