Which one of the following statements concerning a sole proprietorship is correct?

a. a sole proprietorship is designed to protect the personal assets of the owner.
b. the profits of a sole proprietorship are subject to double taxation.
c. the owner of a sole proprietorship is personally responsible for all of the company's debts.
d. there are very few sole proprietorships remaining in the u. s. today.
e. a sole proprietorship is structured the same as a limited liability company.

c. The owner of a sole proprietorship is personally responsible for all of the company's debts.

Explanation:

A sole proprietorship is a form of business which is owned by one person. The owner has unlimited liabilities. The profit of a sole proprietorship is taxed once .

A limited liability company is owned by more than one person and has a limited liability,hence, a sole proprietorship is not structured like a limited liability company.

I hope my answer helps you

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.

answer; situational irony;