Question

Thomas wants to make money, so he starts his own business as a sole proprietor. He likes this form of business because:

a) Limited liability
b) Shared decision-making
c) Tax simplicity
d) Stockholder control

Answer 1

Thomas likes the sole proprietorship form of business because he can have full control, make important decisions, and enjoy all the profits generated by the business. Tax simplicity is another advantage of a sole proprietorship.c) Tax simplicity

Step-by-step explanation:

Sole proprietorship is a form of business organization where one person owns and operates the business. Thomas likes this form of business because he can have full control and can make important decisions. He can also enjoy all the profits generated by the business. Another advantage of a sole proprietorship is tax simplicity, as the owner only needs to pay taxes on the income brought in from the business.