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(Three types of business organizations) Which of the following statements regarding a sole proprietorship are correct? (Select all that apply.) A. Sources of funds for a sole proprietorship typically include personal savings, as well as raising funds from a bank or personal loans from friends and family. B. One advantage of the sole proprietorship is that the survival of the firm does not depend upon just one person. C. Sole proprietorships are easy to set up with no paperwork required before the business can be opened. D.The sole proprietor is personally responsible for all debt of the sole proprietorship..

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(Three types of business organizations) Which of the following statements regarding a sole proprietorship are correct? (Select all that apply.) A. Sources of funds for a sole proprietorship typically include personal savings, as well as raising funds from a bank or personal loans from friends and family. B. One advantage of the sole proprietorship is that the survival of the firm does not depend upon just one person. C. Sole proprietorships are easy to set up with no paperwork required before the business can be opened. D.The sole proprietor is personally responsible for all debt of the sole proprietorship.

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