Sole proprietorships:
A)are double taxed
B)have unlimited liability
C)are more difficult to dissolve than partnerships
D)find is easy to raise needed capital
E)are more closely regulated by the government than other forms of business

Question

Quizplus · Accepted Answer

Sole proprietorships have unlimited liability, meaning the owner is personally responsible for all the debts and obligations of the business. This is a key characteristic that distinguishes them from corporations, which offer limited liability protection to their owners.

Sole Proprietorships