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1. In terms of sales, most sales come from... A. Sole Proprietorships B. Partnerships C. LLC/LLPs...

1. In terms of sales, most sales come from...

A. Sole Proprietorships

B. Partnerships

C. LLC/LLPs

D. Corporations

2. Which of the following statements is true?

A. An advantage to a proprietorship is limited life.

B. An advantage to a proprietorship is unlimited liability.

C. An advantage to a proprietorship is that there is a lot of regulatory compliance paperwork.

D. An advantage to a proprietorship is that it is relatively easy to form.

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Answer #1

1.

Corporations

2.

D. An advantage to a proprietorship is that it is relatively easy to form.

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