3 Questions
True or false: A sole proprietorship is a type of enterprise owned and run by multiple people?
False
True or false: A sole trader is not responsible for the debts and losses of the business?
False
True or false: Sole proprietors may use a trade name other than their legal name without any legal requirements?
False
Test your knowledge of sole proprietorships with this quiz! Learn about the characteristics and advantages of this type of business entity, as well as the responsibilities and tax implications that come with being a sole trader. Challenge yourself and see how well you understand the concept of sole proprietorships.
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