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Which of the following is an advantage of a sole proprietorship?

AIt is easy to expand if it succeeds.
BIt faces few government rules.
CIt is easy to get financing to start one.
DIt has the lowest federal income taxes.

Verified Answer :

An advantage of a sole proprietorship is B. IT FACES FEW GOVERNMENT RULES.

Compared with corporations, establishing a sole proprietorship business has lesser government requirements. This is because the sole proprietorship business is an extension of the owner. Any assets and liabilities the sole proprietorship has is also the assets and liabilities of the owner. There is no separation of juridical entity.