A sole proprietorship: Multiple Choice requires the owner to be personally responsible for 100...

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Finance

A sole proprietorship:
Multiple Choice
requires the owner to be personally responsible for 100 percent of the company's debts.
is the least represented type of firm in the U.S. today.
is designed to protect the personal assets of the owner.
may earn profits that are subject to double taxation.
provides the same benefits to owners that a limited liability company does.
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