Question

Which of the following statements is true of a sole proprietorship?

1. The life of a sole proprietorship is limited.

2. A sole proprietorship is the most expensive type of business to start.

3. The liability of owners of a sole proprietorship is limited.

4. Sole proprietorships must rely on equity contributions from the public.

Answer 1

Answer:a sole proprietorship can continue if its owner dies

Explanation:bc it can keep going when they die

Answer 2

Answer:Which of the following statements is true about sole proprietorships?

A sole proprietorship can continue if the owner dies.

A sole proprietorship is the simplest form of business organization. Correct

The owner of the sole proprietorship must report to shareholders.

The owner of the sole proprietorship has limited liability.