A large number of businesses are organized as sole proprietorships because it is easy for them to acquire large sums of financing.

Name: A large number of businesses are organized as sole proprietorships because it is easy for them to acquire large sums of financing.
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Question

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Sole proprietorships can have difficulty acquiring large sums of financing because lenders often perceive them as high-risk due to the personal liability of the owner.

A Large Number of Businesses Are Organized as Sole Proprietorships