Question

Amelia has a lot of business knowledge and is confident in her abilities to open a successful store. She recently opened a bakery as a sole proprietor. She is expecting a high level of profits and is looking forward to

Answer 1

Answer:

keeping all of the money she earns except for taxes required to pay.

Explanation:

From the above question, Amelia is a sole proprietor. A sole proprietor is an individual that is the sole or exclusive owner of a business. As a sole proprietor, Amelia is entitled to keep all profits after tax payments and is also solely liable for any losses.

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