Sole proprietors find it easier to obtain outside financing than do owners of
other types of business enterprises.

Question

Quizplus · Accepted Answer

Sole proprietors often have a harder time obtaining outside financing because they are seen as higher-risk borrowers since their personal assets are not separate from their business assets. Other types of business enterprises such as corporations and partnerships may have an easier time obtaining financing because they can offer collateral or have multiple owners with different assets and credit histories.

Sole Proprietors Find It Easier to Obtain Outside Financing Than