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23 September, 15:16

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.

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  1. 23 September, 15:35
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    These sentence is right:

    - The owner accepts full financial liability

    - All profits go to the individual who owns the business.

    In a sole proprietorships, only one person had the control over the business, therefore, all the profit and liabilities that had been earned by the business will go to that one person
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