NCBTMB Exam Practice Test
NCBTMB Exam NCBTMB Business and Practice Management Questions and Answers
A massage therapist decides to operate as a sole proprietor.
What is the primary legal implication of this business structure?
Select your answer
A
The business must file corporate tax returns separate from personal taxes.
B
Personal and business assets are legally considered the same, exposing the owner to personal liability.
C
The business is legally separate from the owner, protecting personal assets.
D
Profits must be shared equally with any independent contractors hired by the practice.
Hint