Which of the following is not an advantage of a sole proprietorship?
A) It is easy to form and dissolve.
B) It has unlimited liability.
C) Profits are taxed as personal income.
D) There owner has the flexibility of being his or her own boss.
E) The owner keeps all profits.

Question

Quizplus · Accepted Answer

Unlimited liability is a disadvantage of a sole proprietorship as it means that the owner is personally responsible for all debts and liabilities of the business, which could potentially put their personal assets at risk.

Which of the Following Is Not an Advantage of a Sole