Question

Which sentences describe characteristics of a sole proprietorship?

-The owners are called partners.
-The owner accepts full financial liability.
-The business is treated as a separate tax entity.
-All profits go to the individual who owns the business.

Answer 1

Answer:These sentence is right :

- The owner accepts full financial liability

- All profits go to the individual who owns the business.

Step-by-step explanation in a sole proprietorships, only one person had the control over the business, therefore, all the profit and liabilities that had been earned by the business will go to that one person

Answer 2

These sentence is right :
- The owner accepts full financial liability
- All profits go to the individual who owns the business.

In a sole proprietorships, only one person had the control over the business, therefore, all the profit and liabilities that had been earned by the business will go to that one person