A major disadvantage of a sole proprietorship is the fact that _____.
A) it is expensive to establish
B) the owner has unlimited personal liability
C) it is easy to finance growth
D) the owner pays taxes on all the income

Question

Quizplus · Accepted Answer

A major disadvantage of a sole proprietorship is that the owner has unlimited personal liability, meaning the owner's personal assets can be used to pay off business debts and obligations.

A Major Disadvantage of a Sole Proprietorship Is the Fact