"Unlimited liability and separate taxation of the business are advantages of a sole proprietorship."
This statement is True.
A sole proprietorship, also known as a sole proprietorship, sole proprietorship, or sole proprietorship, is a type of business owned and operated by one person and in which there is no legal distinction. between the owner and the business entity. An individual entrepreneur does not have to work alone and can hire others.
A sole proprietorship is a business that can be owned and controlled by an individual, corporation, or limited liability company. There is no partner in the business. The legal status of a sole proprietorship company can be defined as follows: It is not a separate legal entity from the business owner.
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