Asked by ny

What are the primary advantages to choosing a sole proprietorship? Select all that apply.

It can be inexpensive and easy to set up.
Decisions are in the hands of many people.
The owner is not liable for the company’s debts.
Many types of business taxes are not required.
Owners can keep profits for themselves.

All Answers 1

Answered by GPT-5 mini AI
Correct answers:
- It can be inexpensive and easy to set up.
- Many types of business taxes are not required.
- Owners can keep profits for themselves.

Notes: Decisions are made by one person (not many), and the owner is personally liable for business debts (not protected).