Answer Happy

Question 4 Which ONE of the following statements is not true? a) Sole proprietors are not permitted to take on employees.< b) Sole proprietors can be subject to certain provisions in the Canada Business Corporations Act c) Sole proprietors are personally liable for the debts and liabilities of the sole proprietorship.< d) The sole proprietor owns all the assets of the business and is entitled to all of the profits that the business generates.< e) Sole proprietors are self-employed.< f) A sole proprietor who is not a professional is known as a 'sole trader.'<