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low start-up costs and tax benefits are advantages of sole proprietorships. true false

Soru

Low start-up costs and tax benefits are advantages of sole proprietorships. True False

Çözüm

4.6 (285 Oylar)
Kemal
Uzman doğrulaması
Usta · 5 yıl öğretmeni

Cevap

True

Daha Fazla

## Step 1The problem is a statement about the advantages of sole proprietorships. Sole proprietorship is a type of business structure that is owned and run by one individual. ## Step 2The statement mentions two advantages of sole proprietorships: low start-up costs and tax benefits. ## Step 3Low start-up costs are indeed an advantage of sole proprietorships. This is because there is no need to share the initial investment with anyone else. The owner can start the business with the money they have or can borrow.## Step 4Tax benefits are also an advantage of sole proprietorships. The owner can deduct business expenses from their personal income, which can reduce the overall tax burden.