Answer:
D) paying no income taxes
Explanation:
A Sole proprietorship venture is owned and managed by a single individual. The owner provides all the resources required to start and run the business. The proprietor enjoys several advantages, including
1. Ease of setting up
2. Has 100% control of the business
3. Enjoys a single layer of taxation
Like all other forms of businesses, a sole proprietorship has tax obligations. However, the proprietor reports the business income as his income. The law does not distinguish the owner from the business. A sole proprietor must file income tax returns.
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