a sole proprietor?

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a) assumes all losses of the business
b) assumes no profits.
c) receives tax-free fringe benefits.
d) assumes no losses.

2006-11-09 00:44:08 · 3 answers · asked by egyptianqueen1987 1 in Business & Finance ➔ Small Business

2006-11-09 00:51:44 · answer #1 · answered by tvman30044 2 · 0⤊ 0⤋

No.
A sole proprietor assumes all losses and all profits. Has to pay all the taxes. Is solely responsible for everything concerning that business.

2006-11-09 08:46:00 · answer #2 · answered by Trollhair 6 · 0⤊ 0⤋

E) gets no paid vacation.

2006-11-09 09:47:13 · answer #3 · answered by Kitty 6 · 0⤊ 0⤋