Podcast
Questions and Answers
A sole proprietorship is owned and operated by multiple individuals or entities.
A sole proprietorship is owned and operated by multiple individuals or entities.
False
Partners in a partnership have limited liability.
Partners in a partnership have limited liability.
False
Taxation for a sole proprietorship is reported on the owner's personal tax return.
Taxation for a sole proprietorship is reported on the owner's personal tax return.
True
A partnership is a more complex form of business organization compared to a sole proprietorship.
A partnership is a more complex form of business organization compared to a sole proprietorship.
Signup and view all the answers
In a partnership, partners share ownership and management.
In a partnership, partners share ownership and management.
Signup and view all the answers
