Which one of the following statements concerning a sole proprietorship is correct?

Corporate Finance

Which one of the following statements concerning a sole proprietorship is correct?

The life of a sole proprietorship is potentially unlimited.
A sole proprietor can generally raise large sums of capital quite easily.
Transferring ownership of a sole proprietorship is easier than transferring ownership of a corporation.
A sole proprietorship is taxed the same as a C corporation.

Which one of the following statements concerning a sole proprietorship is correct?Answer:A sole proprietorship is taxed the same as a C corporation.

Tags: Introduction to Corporate Finance