One disadvantage of sole proprietorship is the ________.
A)possibility of disagreements between different owners
B)unlimited liability the owner has for the debts of the company
C)fact that any income earned by this type of business is taxed twice
D)cost of starting or ending the company is higher than other businesses

Question

Quizplus · Accepted Answer

Sole proprietorship comes with unlimited liability, which means the owner is personally responsible for all the debts and obligations of the business. This puts the owner's personal assets at risk and is a major disadvantage of this type of business.

One Disadvantage of Sole Proprietorship Is the ________