PRC-3 · Chapter 2 · Question 19 of 61
Which of the following is true regarding the dissolution of a sole proprietorship compared to a limited company?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) It is easy and straightforward, usually requiring no formal legal process
Explanation
A sole proprietorship has no separate legal existence from its owner, making it very simple to dissolve without complex legal formalities.
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