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You own a successful bicycle repair business. You are considering incorporating in order to a. avoid double taxation. b. raise money more easily. c. avoid government regulations. d. acquire greater
control in managing the business.
You own a successful bicycle repair business. You are considering incorporating in order to b. raise money more easily. [smile]
Expert answered|Mayang30|Points 866|
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Asked 9/23/2013 7:55:39 AM
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Which of the following is an advantage of a sole proprietorship? A. It is easy to expand if it succeeds. B. It faces few government rules. C. It is easy to get financing to start one. D. It has the lowest federal income taxes.
Weegy: D. It has the lowest federal income taxes is an advantage of sole proprietorship. (More)
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Asked 9/23/2013 7:49:07 AM
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Which of the following is an advantage of a sole proprietorship? A. It is easy to expand if it succeeds. B. It faces few government rules. C. It is easy to get financing to start one. D. It has the lowest federal income taxes.
Weegy: Answer: Which of the following is an advantage of a sole proprietorship? D. It has the lowest federal income taxes. [ One of the biggest advantages of a sole proprietorship is that setting up and administering the business is comparatively easy and inexpensive. For instance, in most provinces, if you choose the sole proprietor form of business ownership and operate it under your own name, you don't even have to register your business. Another of the big advantages of the sole proprietorship form of business ownership is the tax simplicity. As a sole proprietor, you declare your business income on your personal income tax form, rather than having to file a separate tax form, (as you would have to do if you chose the corporate form of business ownership). sbinfocanada.about.com/cs/.../formsbusiness.htm ] (More)
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