Sole proprietorship-partnership or corporation


Question: Indicate in the space by letter whether each statement below applies to a sole proprietorship (S), partnership (P), or corporation (C). More than one answer may be appropriate.

a. Shared control.

b. Easy to transfer ownership.

c. No personal liability.

d. Tax advantage.

e. Easier to raise funds.

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Accounting Basics: Sole proprietorship-partnership or corporation
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