Which of the following is an advantage of a sole proprietorship?
a. |
Ease to sell business assets |
|
b. |
Limited liability |
|
c. |
Business income is not subject to self-employment tax |
|
d. |
All of the above |
The answer is option a [ Ease to sell business assets ]
Explanation : In sole proprietorship it is easier to sell business assets as compared to other forms of business. In sole proprietorship, the sole proprietorship has an unlimited liability and business income in such business is subject to self-employment tax.
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