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1.Which one of the following statements is true?
A Limited company status means that a company is only allowed to trade up to a predetermined turnover level in any one year.
B For organisations that have limited company status, ownership and control are legally separate.
C The benefit of being a sole trader is that you have no personal liability for the debts of your business.
D Ordinary partnerships offer the same benefits as limited companies but are usually formed by professionals such as doctors and solicitors.
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