Which of the following is not a characteristic of both a sole proprietorship and a general partnership?
A. Equity capital may not be raised by selling shares of the business.
B. The business's profits and losses are passed through to the owner(s).
C. The death of an owner causes the termination of the business.
D. A "doing business as" filing is usually required if the owner(s) will conduct business under a fictitious name.
Answer: C. The death of an owner causes the termination of the business.
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