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icang [17]
3 years ago
15

In a proprietorship, the profits are kept by —

Social Studies
1 answer:
nignag [31]3 years ago
3 0

Answer:

The Internal Revenue Service finds the sole owner and his company to be the same person. The owner is solely liable for taxes and other financial liabilities relating to the company. As such, the single owner holds the rights to all income generated by his company and can use them as he sees fit.

Explanation:

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