Which of the following is NOT correct in differentiating between sole trader and limited liability companies?
A. A sole trader is fully and personally liable for any losses that the business might make.
B. Drawings would only appear in the financial statements of a sole trader.
C. Only companies have share capital.
D. A sole trader’s financial statements are private and never made available to any other equity holder.
E. Companies’ financial statements are sent to shareholders and may be publicly filed.