Question

Which of the following statements is true about sole proprietorships?

A sole proprietorship is the simplest form of business organization.
A sole proprietorship can continue if the owner dies.
The owner of the sole proprietorship has limited liability.
The owner of the sole proprietorship must report to shareholders.

Answers

GPT 3.5
The statement that is true about sole proprietorships is: A sole proprietorship is the simplest form of business organization.