Unlimited liability and separate taxation of the business are advantages of a sole proprietorship.

Name: Unlimited liability and separate taxation of the business are advantages of a sole proprietorship.
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Unlimited liability is actually a disadvantage of a sole proprietorship, as the owner is personally responsible for all debts and legal issues. However, separate taxation is not an advantage for sole proprietorships, as the income is taxed as personal income for the owner.

Unlimited Liability and Separate Taxation of the Business Are Advantages