Question 1. Which of the following is not a benefit of sole proprietorships that Tyler should tell Janet?

Tyler’s hot dog business is wildly successful and he decides to cash out and sell the business to his friend Janet. Janet doesn’t know much about business law, though, so Tyler tries to tell her about his sole proprietorship. Which of the following is not a benefit of sole proprietorships that Tyler should tell Janet?

A. Control of the business is simple because only one person makes all the decisions.

B. No approval from anyone else is necessary to make changes to the business’s operations.

C. Maintaining a sole proprietorship is inexpensive.

D. The income tax rate for the business is much lower than the income tax rate for individuals.

Правильный ответ:

D. The income tax rate for the business is much lower than the income tax rate for individuals.

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