In the context of legal forms of business, which of the following is an area in which sole proprietorships differ from general partnerships?
A. Where the liability for the firm's debts and finances rests
B. How much responsibility the owner or owners have for making business decisions
C. The possibility of bringing in new equity partners
D. How the firm's income and losses are reported on tax forms
Ans: C. The possibility of bringing in new equity partners
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