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Which of the following is not true of a sole proprietorship?

Which of the following is not true of a sole proprietorship?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A It has a separate legal entity
  • B It has unlimited liability
  • C It has a slim chances of expansion
  • D The capital is small
  • E It can convert into a company
Correct Answer: Option A
Explanation:

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