Which of the following is true regarding a sole proprietorship?
a. Sole proprietorships are the least common form of business.
b. Sole proprietorships are difficult to create, even more so than other forms of business, because of the state regulation that is generally involved.
c. The owner of a sole proprietorship is personally responsible for the business's debts.
d. Sole proprietorships may sell stock to raise funds.
c
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