Which of the following is NOT a disadvantage of the sole proprietorship?
A) limited lifetime of the business
B) limited liability for the owner
C) limited management expertise
D) limited access to capital

Question

Quizplus · Accepted Answer

Sole proprietorships actually have unlimited liability for the owner, meaning the owner is personally responsible for all the debts and obligations of the business. This is in contrast to structures like corporations, where the liability of the owners/shareholders is typically limited to the amount they have invested in the company.

Which of the Following Is NOT a Disadvantage of the Sole