What
is the chief disadvantage of the sole proprietorship as a form of
business organization when compared to the corporate form?
a. Sole proprietorships are subject to double taxation of profits.
b. The cost of formation.
c. Inadequate profit sharing.
d. Owners have unlimited liability.
a. Sole proprietorships are subject to double taxation of profits.
b. The cost of formation.
c. Inadequate profit sharing.
d. Owners have unlimited liability.
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