Asked by Silvia Gopalakrishnan on Jun 11, 2024
Verified
All of the following are advantages of the proprietorship form of business except
A) there are fewer legal complications than any other form of business.
B) you are your own boss.
C) a proprietor's income is only taxed once.
D) the proprietor can raise funds by issuing stock.
Proprietorship
A business owned and operated by a single individual, where there is no legal distinction between the owner and the business entity.
Issuing Stock
The process by which a company distributes shares to investors in order to raise capital for business expansion or other financial needs.
- Differentiate between various business structures and their characteristics.
Verified Answer
LR
LoAnnie RodriguezJun 14, 2024
Final Answer :
D
Explanation :
The proprietorship form of business does not allow for the issuing of stock and is limited to the personal resources of the owner. All of the other options listed are advantages of the proprietorship form of business.
Learning Objectives
- Differentiate between various business structures and their characteristics.