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Which of the following is not true of a sole proprietorship?

Which of the following is not true of a sole proprietorship?
  • A.
    It has a separate legal entity
  • B.
    It has unlimited liability
  • C.
    It has a slim chances of expansion
  • D.
    The capital is small
  • E.
    It can convert into a company
Correct Answer: Option A
Explanation

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