The formation of a sole proprietorship
A. Requires registration with the federal government's Small Business Administration.
B. Requires a formal "doing business as" filing under state law if the proprietor plans to do business under a fictitious name.
C. Requires formal registration in each state the proprietor plans to do business in.
D. Is not as easy and inexpensive to form as an S corporation.
Answer: B. Requires a formal "doing business as" filing under state law if the proprietor plans to do business under a fictitious name.
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Indicate whether the statement is true or false