Hot Student Stories

Which sentences describe characteristics of a sole proprietorship? -The owners are called partners. -The owner accepts full financial liability. -The business is treated as a separate tax entity. -All profits go to the individual who owns the business.

Jennifer Patterson

in Business

1 answer

1 answer

Bethany Evans on March 2, 2018

These sentence is right : - The owner accepts full financial responsibility - All profits go to the individual that owns the business.In a sole proprietorship, only one person had control over the business, therefore, all the benefits and responsibilities that had been earned by the business is going to go to a person

Add you answer