What is generally NOT a feature of a sole proprietorship?

In a sole proprietorship, the business is owned and operated by a single individual, which means that the owner has complete control over the business decisions and is entitled to all profits generated. This structure also allows for a simple tax structure, as the business income is typically reported on the owner's personal tax return, avoiding the complications of corporate taxation.

Unlimited liability is a significant characteristic of sole proprietorships, meaning the owner is personally responsible for all debts and obligations of the business. This can pose significant financial risks to the owner, as creditors can pursue personal assets in the event of business failure.

The option indicating shared profits among partners is inaccurate in the context of a sole proprietorship, as this type of business does not involve partners. Instead, all profits and losses belong solely to the owner. This distinction is crucial in understanding the fundamental nature of a sole proprietorship compared to partnership structures, where profits would indeed be shared among multiple owners.