Question

All of the following statements are true of the government regulation of sole proprietorships EXCEPT

-many government regulations apply only to businesses that have a certain number of employees.
-securities laws apply only to corporations that issue stock.
-sole proprietors must obey employee and consumer protection regulation.
-sole proprietorships have the most freedom from government regulation.
-sole proprietors must follow all laws, including federal, state, and local regulations; securities laws; and employee and consumer protection regulation.
sole proprietors must follow all laws, including federal, state, and local regulations; securities laws; and employee and consumer protection regulation.

Answer 1

Sole proprietors must follow all laws, including federal, state, and local regulations, securities laws, employee and consumer protection regulation is not true of the government regulation of sole proprietorships.

What is sole proprietorship?

A sole proprietorship is a type of business that is owned and operated by one person and in which there is no legal separation between the owner and the business entity. It is also referred to as a sole tradership, individual entrepreneurship, or proprietorship. A sole proprietor may hire staff members and does not always work alone.

What regulations apply to a solo proprietorship?

A business type called a sole proprietorship has just one owner. The business's owner has total control over every part of it. A sole proprietorship is viewed as an extension of the owner rather than a distinct legal organisation.

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