Q 1.Your friend, Hakim, is going to open his own bakery soon, and you would like to encourage him to open a sole proprietorship. You plan to share with him the advantages of opening this form of business ownership. Which of the following is not a recognized advantage of owning and operating a sole proprietorship? 2. You would like to advise your friend Anish, a budding entrepreneur who is considering establishing a sole proprietorship, of the tax implications of owning this form of business ownership. Which of the following is correct regarding the tax implications of owning a sole proprietorship? 3.Your friend, Aurora, is going to open her own “zip line” business soon, and you would like to encourage her to open a sole proprietorship. You plan to share with her the advantages of opening this form of business ownership. Which of the following is an advantage of owning and operating a sole proprietorship? 4. Camille, an attorney, has been offered a general partnership in the law firm where she works. She is considering whether to accept the position. Which of the following is correct regarding general partners? 5.Manuel, a financial entrepreneur, has been offered a limited partnership in a natural gas drilling partnership. He is considering whether to pursue this opportunity. Which of the following is correct regarding limited partners?