Which of the following statements regarding a sole proprietorship are correct?  

A  Sole proprietorships are easy to set up with no paperwork required before the business can be opened.
The sole proprietor is personally responsible for all debt of the sole proprietorship.
Sources of funds for a sole proprietorship typically include personal savings, as well as raising funds from a bank or personal loans from friends and family.

B  Sole proprietorships are easy to set up with no paperwork required before the business can be opened.
One advantage of the sole proprietorship is that the survival of the firm does not depend upon just one person.
Sources of funds for a sole proprietorship typically include personal savings, as well as raising funds from a bank or personal loans from friends and family.

C  One advantage of the sole proprietorship is that the survival of the firm does not depend upon just one person.
The sole proprietor is personally responsible for all debt of the sole proprietorship.
Sources of funds for a sole proprietorship typically include personal savings, as well as raising funds from a bank or personal loans from friends and family.